Questor Technology (CVE:QST) Shares Down 17.4% – Here’s Why

Questor Technology Inc. (CVE:QST)’s share price dropped 17.4% during mid-day trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares traded hands during trading, an increase of 277% from the average daily volume of 31,896 shares. The stock had previously closed at C$0.46.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QST shares. Acumen Capital boosted their price target on shares of Questor Technology from C$0.70 to C$0.75 and gave the company a “hold” rating in a research report on Friday, August 29th. ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and lifted their target price for the company from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Finally, Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Questor Technology presently has an average rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Trading Down 17.4%

The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65. The stock has a market cap of C$10.46 million, a P/E ratio of -12.67 and a beta of 0.74. The business’s fifty day simple moving average is C$0.55 and its 200 day simple moving average is C$0.48.

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.