Quest Resource (NASDAQ:QRHC) Shares Pass Above 50 Day Moving Average – Should You Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHC) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.37 and traded as high as $1.41. Quest Resource shares last traded at $1.38, with a volume of 27,404 shares trading hands.

Wall Street Analysts Forecast Growth

QRHC has been the topic of a number of recent research reports. Weiss Ratings raised shares of Quest Resource from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Zacks Research raised shares of Quest Resource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Quest Resource Trading Down 0.4%

The stock’s fifty day moving average price is $1.37 and its 200 day moving average price is $1.28. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.22. The stock has a market cap of $29.21 million, a PE ratio of -1.69 and a beta of 0.17.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Quest Resource stock. Sei Investments Co. grew its holdings in shares of Quest Resource Holding Corporation. (NASDAQ:QRHC) by 100.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,670 shares of the business services provider’s stock after acquiring an additional 61,335 shares during the period. Sei Investments Co. owned about 0.58% of Quest Resource worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 48.16% of the stock is currently owned by institutional investors and hedge funds.

About Quest Resource

Quest Resource Holding Corporation (NASDAQ: QRHC) provides outsourced waste stream management and sustainability solutions for commercial, industrial and multi-location customers. The company helps businesses reduce waste, improve recycling and recovery rates, and manage the handling of recyclable and discarded materials through customized resource recovery programs.

Its services include waste and recycling program design, collection and logistics coordination, recycling and material recovery, vendor management, and reporting.