Questor Technology (CVE:QST) Shares Up 26.3% – What’s Next?

Shares of Questor Technology Inc. (CVE:QST) rose 26.3% on Tuesday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares were traded during trading, an increase of 424% from the average daily volume of 31,102 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

QST has been the topic of a number of research analyst reports. Acumen Capital increased their price target on 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 upgraded 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 raised their target price for the stock from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Questor Technology presently has an average rating of “Moderate Buy” and an average price target of C$0.80.

Questor Technology Price Performance

The firm has a market capitalization of C$13.22 million, a price-to-earnings ratio of -8.00 and a beta of 0.51. The company’s 50 day moving average is C$0.47 and its 200 day moving average is C$0.48. The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65.

Questor Technology Company Profile

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.