Questor Technology (CVE:QST) Stock Price Down 17.4% – What’s Next?

Shares of Questor Technology Inc. (CVE:QST) fell 17.4% during trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.38. 120,108 shares were traded during 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

Several brokerages recently weighed in on QST. Atb Cap Markets raised Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. ATB Capital upgraded Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their price objective for the stock from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Finally, Acumen Capital boosted their target price on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Questor Technology currently has an average rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Trading Down 17.4%

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

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.