Questor Technology (CVE:QST) Shares Up 26.3% – Here’s What Happened

Questor Technology Inc. (CVE:QST)’s share price shot up 26.3% on Wednesday . The stock traded as high as C$0.48 and last traded at C$0.48. 163,000 shares traded hands during mid-day trading, an increase of 424% from the average session volume of 31,102 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

QST has been the subject of a number of analyst reports. Acumen Capital upped their price target 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. ATB Capital raised Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their target price for the stock from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Finally, Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Trading Up 2.1%

The company has a fifty day moving average of C$0.47 and a 200-day moving average of C$0.48. 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 company has a market capitalization of C$13.49 million, a price-to-earnings ratio of -8.17 and a beta of 0.51.

Questor Technology Company Profile

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.