Quest Resource (NASDAQ:QRHC) Downgraded by ValuEngine

ValuEngine lowered shares of Quest Resource (NASDAQ:QRHC) from a sell rating to a strong sell rating in a report issued on Thursday, ValuEngine reports.

Quest Resource stock traded down $0.05 during midday trading on Thursday, reaching $2.16. The company’s stock had a trading volume of 17,500 shares, compared to its average volume of 24,141. The stock has a market cap of $34.85 million, a PE ratio of -18.00 and a beta of 1.28. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.46. Quest Resource has a 52 week low of $1.26 and a 52 week high of $3.10.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wynnefield Capital Inc. raised its position in shares of Quest Resource by 38.9% during the second quarter. Wynnefield Capital Inc. now owns 1,615,718 shares of the business services provider’s stock worth $4,475,000 after purchasing an additional 452,123 shares during the period. Connors Investor Services Inc. bought a new position in shares of Quest Resource during the 2nd quarter worth $346,000. River & Mercantile Asset Management LLP bought a new position in shares of Quest Resource during the 2nd quarter worth $688,000. Skylands Capital LLC purchased a new stake in Quest Resource during the 2nd quarter worth about $1,163,000. Finally, Vanguard Group Inc. purchased a new stake in Quest Resource during the 2nd quarter worth about $38,000. 31.16% of the stock is currently owned by hedge funds and other institutional investors.

Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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