Questor Technology (CVE:QST) Price Target Lowered to C$2.50 at Raymond James

Questor Technology (CVE:QST) had its price objective reduced by Raymond James from C$3.00 to C$2.50 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Questor Technology’s FY2020 earnings at $0.17 EPS and FY2021 earnings at $0.12 EPS.

Several other equities research analysts also recently weighed in on QST. AltaCorp Capital downgraded Questor Technology from an outperform rating to a sector perform rating in a report on Thursday, January 9th. Pi Financial set a C$6.25 price target on Questor Technology and gave the company a buy rating in a report on Tuesday, December 10th. Finally, Clarus Securities reaffirmed a buy rating on shares of Questor Technology in a report on Tuesday, December 3rd.

QST stock traded down C$0.05 during trading on Wednesday, hitting C$2.09. The company had a trading volume of 82,107 shares, compared to its average volume of 94,998. The firm has a market capitalization of $58.19 million and a P/E ratio of 7.46. Questor Technology has a 52-week low of C$1.18 and a 52-week high of C$5.68. The company has a 50 day simple moving average of C$4.19 and a 200-day simple moving average of C$4.41. The company has a quick ratio of 4.70, a current ratio of 5.16 and a debt-to-equity ratio of 2.32.

In related news, Senior Officer John Sutherland sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of C$5.00, for a total value of C$200,000.00. Following the completion of the transaction, the insider now directly owns 69,350 shares of the company’s stock, valued at approximately C$346,750. Also, Director Danny Zivkusic sold 28,900 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$5.09, for a total transaction of C$147,101.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at C$509,000. In the last 90 days, insiders have sold 186,636 shares of company stock valued at $935,781.

About Questor Technology

Questor Technology Inc, an environmental cleantech company, focuses on clean air technologies in Canada, the United States, the Caribbean, Europe, Russia, and Asia. It designs, manufactures, and services waste gas combustion systems; power generation systems; and water treatment solutions utilizing waste heat, as well as rents incinerators.

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