Quest Resource (NASDAQ:QRHC) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Quest Resource Holding Corporation. (NASDAQ:QRHC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.26 and traded as high as $1.55. Quest Resource shares last traded at $1.33, with a volume of 24,640 shares.

Analysts Set New Price Targets

A number of equities analysts have commented on QRHC shares. Zacks Research raised Quest Resource from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings lowered Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Quest Resource has a consensus rating of “Reduce” and an average price target of $2.25.

Quest Resource Price Performance

The stock’s 50-day moving average price is $1.26 and its 200 day moving average price is $1.47. The firm has a market capitalization of $28.45 million, a price-to-earnings ratio of -3.97 and a beta of 0.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.64.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Quest Resource had a negative return on equity of 12.30% and a negative net margin of 3.00%.The business had revenue of $61.73 million for the quarter, compared to analyst estimates of $62.21 million. Equities research analysts expect that Quest Resource Holding Corporation. will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quest Resource

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Quest Resource by 36.5% during the fourth quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after purchasing an additional 4,104 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Quest Resource by 22.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 9,647 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Quest Resource by 91.4% in the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock valued at $51,000 after buying an additional 13,004 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Quest Resource in the 2nd quarter valued at approximately $50,000. Finally, Sei Investments Co. increased its holdings in shares of Quest Resource by 100.0% during the 1st quarter. Sei Investments Co. now owns 122,670 shares of the business services provider’s stock worth $146,000 after buying an additional 61,335 shares during the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

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.