Questor Technology (CVE:QST) Shares Down 17.4% – Here’s What Happened

Shares of Questor Technology Inc. (CVE:QST) fell 17.4% during mid-day trading on Wednesday . The stock traded as low as C$0.37 and last traded at C$0.38. 120,108 shares were traded during mid-day trading, an increase of 277% from the average session volume of 31,896 shares. The stock had previously closed at C$0.46.

Analyst Upgrades and Downgrades

A number of brokerages have commented on QST. ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their price target for the company from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. Finally, Acumen Capital raised their target price on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Down 17.4%

The stock has a market cap of C$10.46 million, a price-to-earnings ratio of -12.67 and a beta of 0.74. The stock has a 50 day simple moving average of C$0.55 and a 200 day simple moving average of C$0.48. The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.