Questor Technology (CVE:QST) Trading Down 17.4% – Time to Sell?

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on QST shares. Acumen Capital upped their price target 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. Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, September 1st. Finally, ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and increased their target price for the stock from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Price Performance

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

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.