Quest Resource Holding Corporation. (NASDAQ:QRHC – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.26 and traded as high as $1.55. Quest Resource shares last traded at $1.33, with a volume of 24,640 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on QRHC shares. Zacks Research upgraded Quest Resource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings cut shares of Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.25.
View Our Latest Stock Analysis on QRHC
Quest Resource Stock Performance
Quest Resource (NASDAQ:QRHC – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $61.73 million during the quarter, compared to analyst estimates of $62.21 million. Quest Resource had a negative net margin of 3.00% and a negative return on equity of 12.30%. As a group, analysts anticipate that Quest Resource Holding Corporation. will post -0.22 EPS for the current fiscal year.
Institutional Investors Weigh In On Quest Resource
A number of hedge funds and other institutional investors have recently made changes to their positions in QRHC. Greenhaven Road Investment Management L.P. lifted its position in Quest Resource by 137.2% in the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 17,801 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Quest Resource in the 2nd quarter worth $50,000. Jane Street Group LLC increased its holdings in Quest Resource by 91.4% during the 4th 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 in the last quarter. Bank of America Corp DE increased its holdings in Quest Resource by 36.5% during the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after purchasing an additional 4,104 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Quest Resource by 22.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 9,647 shares during the period. 48.16% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Quest Resource
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Quest Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quest Resource and related companies with MarketBeat.com's FREE daily email newsletter.
