Quest Resource (NASDAQ:QRHC) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHCGet Free Report)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.29 and traded as high as $1.32. Quest Resource shares last traded at $1.25, with a volume of 12,053 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on QRHC shares. Weiss Ratings cut shares of Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Zacks Research upgraded Quest Resource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $2.25.

View Our Latest Stock Report on QRHC

Quest Resource Stock Down 2.6%

The company has a market capitalization of $27.60 million, a PE ratio of -3.85 and a beta of 0.18. The firm’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.28 and a current ratio of 1.28.

Quest Resource (NASDAQ:QRHCGet Free Report) last announced 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 company had revenue of $61.73 million during the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Quest Resource Holding Corporation. will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Quest Resource

Several institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in shares of Quest Resource in the 2nd quarter worth approximately $50,000. Jane Street Group LLC acquired a new position in Quest Resource during the second quarter worth $125,000. Veradace Capital Management LLC purchased a new stake in Quest Resource during the fourth quarter worth $2,336,000. Mink Brook Asset Management LLC purchased a new stake in Quest Resource during the second quarter worth $405,000. Finally, Rothschild Wealth LLC acquired a new stake in Quest Resource in the fourth quarter valued at $274,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Quest Resource Company Profile

(Get Free Report)

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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