Quest Resource (NASDAQ:QRHC) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHC) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.16 and traded as high as $1.2950. Quest Resource shares last traded at $1.28, with a volume of 11,930 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on QRHC shares. Zacks Research downgraded shares of Quest Resource from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. Weiss Ratings downgraded shares of Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Sell” and an average target price of $2.25.

Quest Resource Stock Performance

The company’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $1.60. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $28.44 million, a P/E ratio of -3.97 and a beta of 0.23.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Quest Resource had a negative net margin of 3.00% and a negative return on equity of 12.30%. The firm had revenue of $61.74 million during the quarter, compared to the consensus estimate of $62.21 million. As a group, sell-side analysts forecast that Quest Resource Holding Corporation. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Veradace Capital Management LLC bought a new position in Quest Resource in the 4th quarter valued at $2,336,000. Rothschild Wealth LLC bought a new stake in shares of Quest Resource during the 4th quarter worth $274,000. Mink Brook Asset Management LLC bought a new stake in shares of Quest Resource during the 2nd quarter worth $405,000. Jane Street Group LLC bought a new stake in shares of Quest Resource during the 2nd quarter worth $125,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Quest Resource by 22.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock worth $135,000 after acquiring an additional 9,647 shares during the last quarter. 48.16% of the stock is owned by institutional investors.

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.