Quest Resource (NASDAQ:QRHC) Upgraded at StockNews.com

StockNews.com upgraded shares of Quest Resource (NASDAQ:QRHC) from a sell rating to a hold rating in a report published on Tuesday.

Several other research firms have also recently issued reports on QRHC. Northland Capmk raised Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. Northland Securities assumed coverage on shares of Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price objective for the company. Finally, Craig Hallum cut their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Quest Resource Price Performance

QRHC stock opened at $7.05 on Tuesday. The stock has a market capitalization of $145.15 million, a price-to-earnings ratio of -19.05, a PEG ratio of 4.97 and a beta of 0.66. The firm’s 50-day moving average price is $8.03 and its two-hundred day moving average price is $8.52. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. Quest Resource has a 12-month low of $6.01 and a 12-month high of $10.85.

Institutional Trading of Quest Resource

Several hedge funds and other institutional investors have recently made changes to their positions in QRHC. Barclays PLC grew its position in Quest Resource by 44.9% during the 3rd quarter. Barclays PLC now owns 26,463 shares of the business services provider’s stock valued at $211,000 after purchasing an additional 8,203 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Quest Resource by 1.1% in the third quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock worth $2,815,000 after buying an additional 3,731 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Quest Resource during the third quarter valued at approximately $116,000. State Street Corp increased its position in shares of Quest Resource by 2.5% during the third quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock valued at $1,399,000 after acquiring an additional 4,235 shares in the last quarter. Finally, Needham Investment Management LLC purchased a new position in Quest Resource in the 3rd quarter worth approximately $2,793,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About Quest Resource

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.