Quest Resource (NASDAQ:QRHC) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Quest Resource (NASDAQ:QRHC) from a hold rating to a sell rating in a research note published on Thursday.

Quest Resource Price Performance

Shares of QRHC opened at $2.97 on Thursday. The company has a 50 day moving average price of $5.12 and a 200-day moving average price of $6.76. Quest Resource has a fifty-two week low of $2.61 and a fifty-two week high of $10.85. The stock has a market capitalization of $61.15 million, a PE ratio of -8.03, a PEG ratio of 0.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. The business had revenue of $69.97 million during the quarter, compared to analysts’ expectations of $73.63 million. Equities analysts predict that Quest Resource will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quest Resource

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in Quest Resource by 53.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 2,830 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Quest Resource during the fourth quarter valued at approximately $68,000. Greenhaven Road Investment Management L.P. purchased a new stake in Quest Resource during the fourth quarter valued at approximately $72,000. BNP Paribas Financial Markets lifted its position in Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,850 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Quest Resource by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 5,795 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Quest Resource Company Profile

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.