Quest Resource (NASDAQ:QRHC) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHC)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.36 and traded as high as $1.4149. Quest Resource shares last traded at $1.40, with a volume of 6,781 shares traded.

Analysts Set New Price Targets

QRHC has been the topic of a number of recent research reports. Zacks Research raised Quest Resource from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings lowered Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Quest Resource Trading Down 1.8%

The firm’s 50 day moving average is $1.36 and its 200 day moving average is $1.30. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $28.89 million, a PE ratio of -1.67 and a beta of 0.17.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Quest Resource had a negative net margin of 7.07% and a negative return on equity of 14.75%. The firm had revenue of $64.07 million for the quarter, compared to analysts’ expectations of $63.55 million. As a group, equities analysts predict that Quest Resource Holding Corporation. will post -0.21 EPS for the current year.

Institutional Trading of Quest Resource

Large investors have recently modified their holdings of the business. Qube Research & Technologies Ltd purchased a new position in Quest Resource during the 2nd quarter valued at about $50,000. Jane Street Group LLC grew its position in shares of Quest Resource by 91.4% in the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after buying an additional 13,004 shares during the last quarter. Bank of America Corp DE grew its position in shares of Quest Resource by 36.5% in the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after buying an additional 4,104 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Quest Resource by 22.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after buying an additional 9,647 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Quest Resource by 100.0% during the first quarter. Sei Investments Co. now owns 122,670 shares of the business services provider’s stock valued at $146,000 after buying an additional 61,335 shares during the period. 48.16% of the stock is owned by institutional investors.

About Quest Resource

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.