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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. ATB Capital raised shares of 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. Acumen Capital upped their price objective on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, September 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Up 26.3%

The firm’s 50-day simple moving average is C$0.47 and its 200 day simple moving average is C$0.48. The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62. The stock has a market capitalization of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51.

About Questor Technology

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.