Quest Resource (NASDAQ:QRHC) Shares Pass Below 200-Day Moving Average – Should You Sell?

Quest Resource Holding Co. (NASDAQ:QRHC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.75 and traded as low as $7.89. Quest Resource shares last traded at $7.95, with a volume of 50,649 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on QRHC shares. Northland Securities started coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They set an “outperform” rating and a $12.50 price target for the company. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Craig Hallum cut their price target on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Quest Resource from a “sell” rating to a “hold” rating in a report on Friday, September 6th.

Quest Resource Trading Down 0.3 %

The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $8.42 and its 200-day moving average is $8.75. The firm has a market cap of $161.03 million, a P/E ratio of -28.39, a price-to-earnings-growth ratio of 1.95 and a beta of 0.65.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $73.15 million during the quarter, compared to analyst estimates of $76.50 million. Quest Resource had a positive return on equity of 5.61% and a negative net margin of 2.29%. As a group, analysts forecast that Quest Resource Holding Co. will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, COO David P. Sweitzer sold 22,593 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total value of $180,744.00. Following the completion of the sale, the chief operating officer now owns 8,511 shares of the company’s stock, valued at $68,088. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 22.84% of the company’s stock.

Institutional Investors Weigh In On Quest Resource

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evernest Financial Advisors LLC bought a new stake in shares of Quest Resource in the 3rd quarter valued at approximately $260,000. Dimensional Fund Advisors LP grew its stake in shares of Quest Resource by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider’s stock valued at $1,484,000 after buying an additional 7,945 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Quest Resource in the 2nd quarter valued at approximately $34,000. Rhumbline Advisers bought a new stake in shares of Quest Resource in the 2nd quarter valued at approximately $145,000. Finally, Privium Fund Management B.V. boosted its position in Quest Resource by 72.6% during the second quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock worth $168,000 after purchasing an additional 7,950 shares during the period. 48.16% of the stock is currently owned by institutional investors.

Quest Resource Company Profile

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.