Questor Technology (CVE:QST) Stock Price Down 17.4% – Should You Sell?

Questor Technology Inc. (CVE:QST)’s stock price dropped 17.4% during mid-day trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares traded hands during mid-day trading, an increase of 277% from the average daily volume of 31,896 shares. The stock had previously closed at C$0.46.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QST. Acumen Capital lifted their target price on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a research note on Friday, August 29th. ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their price objective for the stock from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Finally, Atb Cap Markets upgraded shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Price Performance

The stock has a market cap of C$10.46 million, a PE ratio of -12.67 and a beta of 0.74. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48. The firm’s 50 day moving average price is C$0.55 and its two-hundred day moving average price is C$0.48.

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.