Quest Resource (NASDAQ:QRHC) Stock Passes Above 50 Day Moving Average of $7.62

Quest Resource Holding Co. (NASDAQ:QRHC) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.62 and traded as high as $9.39. Quest Resource shares last traded at $9.16, with a volume of 108,138 shares changing hands.

Quest Resource Price Performance

The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.98. The firm has a market cap of $180.92 million, a P/E ratio of -25.63, a PEG ratio of 1.42 and a beta of 0.67. The business has a fifty day moving average of $7.70 and a 200 day moving average of $7.33.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Tuesday, March 12th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Quest Resource had a positive return on equity of 4.99% and a negative net margin of 2.53%. The business had revenue of $69.34 million for the quarter, compared to the consensus estimate of $74.10 million. On average, sell-side analysts anticipate that Quest Resource Holding Co. will post 0.43 earnings per share for the current year.

Insider Transactions at Quest Resource

In other news, major shareholder Wynnefield Partners Small Cap acquired 14,918 shares of Quest Resource stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $6.94 per share, for a total transaction of $103,530.92. Following the completion of the acquisition, the insider now directly owns 1,294,093 shares in the company, valued at approximately $8,981,005.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Quest Resource

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wynnefield Capital Inc. raised its position in shares of Quest Resource by 4.2% in the fourth quarter. Wynnefield Capital Inc. now owns 2,703,773 shares of the business services provider’s stock valued at $19,819,000 after buying an additional 108,084 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of Quest Resource by 4.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 406,100 shares of the business services provider’s stock valued at $2,493,000 after buying an additional 18,537 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Quest Resource by 19.7% in the third quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider’s stock valued at $2,713,000 after buying an additional 60,396 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Quest Resource by 14.7% in the first quarter. Dimensional Fund Advisors LP now owns 165,658 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 21,186 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Quest Resource by 12.0% in the second quarter. Geode Capital Management LLC now owns 131,558 shares of the business services provider’s stock valued at $858,000 after buying an additional 14,139 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

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.