Questor Technology (CVE:QST) Trading Down 17.4% – What’s Next?

Questor Technology Inc. (CVE:QST) dropped 17.4% during mid-day trading on Wednesday . The company traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares traded hands during mid-day 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

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

Questor Technology Price Performance

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 firm has a 50 day moving average of C$0.54 and a two-hundred day moving average of C$0.48. The company has a market cap of C$11.43 million, a PE ratio of -13.83 and a beta of 0.74.

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.