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

Questor Technology Inc. (CVE:QST)’s share price traded down 17.4% during trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.38. 120,108 shares traded hands 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. ATB Capital upgraded Questor Technology from a “sector perform” rating to a “speculative buy” rating and increased their target price for the stock from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Acumen Capital increased 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. Finally, Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Stock Down 17.4%

The firm has a 50 day moving average price of C$0.55 and a 200-day moving average price of C$0.48. The firm has a market cap of C$10.46 million, a price-to-earnings ratio of -12.67 and a beta of 0.74. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48.

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.