Questor Technology (CVE:QST) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Questor Technology Inc. (CVE:QST) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.28 and traded as low as C$0.20. Questor Technology shares last traded at C$0.28, with a volume of 127,140 shares traded.

Wall Street Analysts Forecast Growth

QST has been the topic of several analyst reports. ATB Cormark Capital Markets downgraded Questor Technology from a “speculative buy” rating to a “sector perform” rating and dropped their price objective for the stock from C$0.60 to C$0.45 in a report on Wednesday, April 22nd. Acumen Capital reduced their target price on Questor Technology from C$0.75 to C$0.55 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$0.50.

Questor Technology Stock Performance

The company has a current ratio of 3.01, a quick ratio of 5.47 and a debt-to-equity ratio of 4.09. The business’s 50-day moving average is C$0.28 and its two-hundred day moving average is C$0.33. The firm has a market cap of C$7.92 million, a P/E ratio of -3.70 and a beta of -0.09.

Insider Buying and Selling

In related news, Director Paul Huizinga bought 100,000 shares of the stock in a transaction dated Monday, July 13th. The stock was bought at an average cost of C$0.29 per share, with a total value of C$29,000.00. Following the completion of the acquisition, the director owned 120,000 shares of the company’s stock, valued at C$34,800. This trade represents a 500.00% increase in their ownership of the stock. Insiders purchased 194,055 shares of company stock valued at $53,729 in the last three months. Insiders own 19.19% of the company’s stock.

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. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.