Quest Resource (NASDAQ:QRHC) Stock Crosses Above 50-Day Moving Average – What’s Next?

Quest Resource Holding Corporation. (NASDAQ:QRHC)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.38 and traded as high as $1.5050. Quest Resource shares last traded at $1.37, with a volume of 34,561 shares traded.

Wall Street Analyst Weigh In

QRHC has been the subject of several research reports. Zacks Research upgraded shares of Quest Resource from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Quest Resource from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Quest Resource presently has a consensus rating of “Reduce”.

Quest Resource Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.22. The company’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $1.27. The firm has a market cap of $28.89 million, a PE ratio of -1.67 and a beta of 0.17.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Quest Resource had a negative net margin of 7.07% and a negative return on equity of 14.75%. The business had revenue of $64.07 million during the quarter, compared to analyst estimates of $63.55 million. As a group, sell-side analysts forecast that Quest Resource Holding Corporation. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Quest Resource

An institutional investor recently raised its position in Quest Resource stock. Sei Investments Co. raised its stake in Quest Resource Holding Corporation. (NASDAQ:QRHC) by 100.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,670 shares of the business services provider’s stock after buying an additional 61,335 shares during the period. Sei Investments Co. owned approximately 0.58% of Quest Resource worth $146,000 at the end of the most recent reporting period. 48.16% of the stock is owned by institutional investors and hedge funds.

Quest Resource Company Profile

Quest Resource Holding Corporation (NASDAQ: QRHC) provides outsourced waste stream management and sustainability solutions for commercial, industrial and multi-location customers. The company helps businesses reduce waste, improve recycling and recovery rates, and manage the handling of recyclable and discarded materials through customized resource recovery programs.

Its services include waste and recycling program design, collection and logistics coordination, recycling and material recovery, vendor management, and reporting.