Questor Technology (CVE:QST) Stock Price Down 17.4% – What’s Next?

Questor Technology Inc. (CVE:QST)’s stock price dropped 17.4% during mid-day trading on Wednesday . The stock traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares changed 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.

Analysts Set New Price Targets

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

Questor Technology Stock Performance

The stock has a market capitalization of C$10.46 million, a price-to-earnings ratio of -12.67 and a beta of 0.74. The stock’s 50 day moving average is C$0.55 and its 200 day moving average is C$0.48. The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65.

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.