Quest Resource (NASDAQ:QRHC) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Quest Resource Holding Corporation. (NASDAQ:QRHC)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.21 and traded as high as $1.5899. Quest Resource shares last traded at $1.39, with a volume of 19,946 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research lowered Quest Resource from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus price target of $2.25.

Quest Resource Trading Down 9.5%

The firm has a market capitalization of $26.13 million, a price-to-earnings ratio of -3.65 and a beta of 0.23. The business’s 50-day moving average price is $1.22 and its 200 day moving average price is $1.56. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.28 and a quick ratio of 1.28.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Quest Resource had a negative net margin of 3.00% and a negative return on equity of 12.30%. The firm had revenue of $61.73 million for the quarter, compared to analyst estimates of $62.21 million. On average, equities analysts forecast that Quest Resource Holding Corporation. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Quest Resource

Several large investors have recently modified their holdings of QRHC. Veradace Capital Management LLC acquired a new position in shares of Quest Resource in the fourth quarter worth about $2,336,000. Mink Brook Asset Management LLC acquired a new stake in Quest Resource during the 2nd quarter valued at approximately $405,000. Rothschild Wealth LLC acquired a new stake in Quest Resource during the 4th quarter valued at approximately $274,000. Jane Street Group LLC purchased a new stake in Quest Resource during the 2nd quarter worth approximately $125,000. Finally, Sei Investments Co. increased its holdings in Quest Resource by 100.0% during the 1st quarter. Sei Investments Co. now owns 122,670 shares of the business services provider’s stock worth $146,000 after purchasing an additional 61,335 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.