Questor Technology (CVE:QST) Stock Price Down 17.4% – Here’s What Happened

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

Analysts Set New Price Targets

A number of research firms have weighed in on QST. Acumen Capital raised their price objective on shares of Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. Finally, ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and boosted their price target for the company from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Price Performance

The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of C$10.46 million, a price-to-earnings ratio of -12.67 and a beta of 0.74. The company has a fifty day moving average price of C$0.55 and a two-hundred day moving average price of C$0.48.

About Questor Technology

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.