Quest Resource Holding Corporation. (NASDAQ:QRHC – Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.16 and traded as high as $1.2950. Quest Resource shares last traded at $1.28, with a volume of 11,930 shares changing hands.
Wall Street Analyst Weigh In
Several analysts recently issued reports on QRHC shares. Weiss Ratings lowered shares of Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Zacks Research lowered shares of Quest Resource from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Quest Resource currently has a consensus rating of “Sell” and an average price target of $2.25.
Read Our Latest Report on Quest Resource
Quest Resource Price Performance
Quest Resource (NASDAQ:QRHC – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $61.74 million for the quarter, compared to analysts’ expectations of $62.21 million. Quest Resource had a negative return on equity of 12.30% and a negative net margin of 3.00%. As a group, equities analysts forecast that Quest Resource Holding Corporation. will post -0.22 earnings per share for the current fiscal year.
Institutional Trading of Quest Resource
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. increased its stake in Quest Resource by 100.0% during the first quarter. Sei Investments Co. now owns 122,670 shares of the business services provider’s stock worth $146,000 after purchasing an additional 61,335 shares during the period. Veradace Capital Management LLC purchased a new stake in Quest Resource during the fourth quarter worth about $2,336,000. Rothschild Wealth LLC purchased a new stake in Quest Resource during the fourth quarter worth about $274,000. Jane Street Group LLC increased its stake in Quest Resource by 91.4% during the fourth quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after purchasing an additional 13,004 shares during the period. Finally, Greenhaven Road Investment Management L.P. increased its stake in Quest Resource by 137.2% during the third quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock worth $48,000 after purchasing an additional 17,801 shares during the period. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
About Quest Resource
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.
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