ValuEngine Lowers Quest Resource (QRHC) to Strong Sell
ValuEngine cut shares of Quest Resource (NASDAQ:QRHC) from a sell rating to a strong sell rating in a report released on Wednesday morning.
Separately, HC Wainwright set a $5.00 price target on shares of Quest Resource and gave the stock a buy rating in a research note on Wednesday, November 15th.
Shares of Quest Resource (NASDAQ:QRHC) traded up $0.02 during mid-day trading on Wednesday, hitting $2.21. 15,197 shares of the company were exchanged, compared to its average volume of 15,779. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $33.47, a PE ratio of -5.97, a P/E/G ratio of 7.30 and a beta of 2.94. Quest Resource has a 52-week low of $1.03 and a 52-week high of $3.00.
An institutional investor recently raised its position in Quest Resource stock. Renaissance Technologies LLC raised its position in Quest Resource Holding Corp (NASDAQ:QRHC) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,851 shares of the business services provider’s stock after acquiring an additional 24,900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.09% of Quest Resource worth $381,000 as of its most recent SEC filing. 11.08% of the stock is currently owned by hedge funds and other institutional investors.
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Quest Resource Company Profile
Quest Resource Holding Corporation (QRHC) provides businesses with one-stop management programs to reuse, recycle and dispose of a range of waste streams and recyclables generated by their businesses and operate social media and online data platforms that contain information and instructions to recycle or properly dispose of household products and materials.
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