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

Questor Technology Inc. (CVE:QST)’s stock price was down 17.4% during trading on Thursday . The stock traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares traded hands during trading, an increase of 277% from the average daily volume of 31,896 shares. The stock had previously closed at C$0.46.

Wall Street Analysts Forecast Growth

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

Questor Technology Trading Down 17.4%

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

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.