Quest Resource (NASDAQ:QRHC) Lowered to Sell Rating by StockNews.com

Quest Resource (NASDAQ:QRHC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Other equities research analysts have also issued research reports about the stock. Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th. Northland Securities initiated coverage on Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price target on the stock. Finally, Craig Hallum decreased their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Quest Resource Stock Down 3.0 %

QRHC stock opened at $7.05 on Monday. The firm has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $8.68. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.49 and a quick ratio of 1.49. Quest Resource has a 1-year low of $6.01 and a 1-year high of $10.85. The firm has a market cap of $143.68 million, a price-to-earnings ratio of -19.05, a PEG ratio of 1.74 and a beta of 0.66.

Insiders Place Their Bets

In other news, COO David P. Sweitzer sold 22,593 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 8,511 shares in the company, valued at $68,088. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have purchased 6,817 shares of company stock worth $52,418. 22.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Quest Resource

A number of institutional investors have recently added to or reduced their stakes in QRHC. Bank of New York Mellon Corp bought a new stake in shares of Quest Resource in the 2nd quarter worth $406,000. Evernest Financial Advisors LLC bought a new stake in Quest Resource in the third quarter worth about $260,000. GSA Capital Partners LLP bought a new stake in Quest Resource in the third quarter worth about $148,000. Rhumbline Advisers bought a new position in shares of Quest Resource during the 2nd quarter valued at about $145,000. Finally, Russell Investments Group Ltd. grew its position in Quest Resource by 453.5% in the first quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock worth $158,000 after buying an additional 15,115 shares during the last quarter. 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.