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

StockNews.com cut shares of Quest Resource (NASDAQ:QRHC) from a hold rating to a sell rating in a report issued on Monday.

QRHC has been the topic of a number of other reports. Northland Securities began coverage on Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price objective on the stock. Craig Hallum decreased their price target on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Northland Capmk upgraded shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th.

Quest Resource Trading Up 1.3 %

Shares of QRHC stock opened at $7.27 on Monday. Quest Resource has a 12-month low of $6.01 and a 12-month high of $10.85. The firm has a 50 day moving average price of $8.29 and a two-hundred day moving average price of $8.69. 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 company has a market capitalization of $148.16 million, a PE ratio of -19.65, a price-to-earnings-growth 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 on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total transaction of $180,744.00. Following the sale, the chief operating officer now directly owns 8,511 shares of the company’s stock, valued at approximately $68,088. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.84% of the company’s stock.

Institutional Trading of Quest Resource

Institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Quest Resource during the 2nd quarter worth $34,000. Rhumbline Advisers bought a new position in shares of Quest Resource in the second quarter worth about $145,000. GSA Capital Partners LLP acquired a new stake in shares of Quest Resource in the 3rd quarter valued at approximately $148,000. Russell Investments Group Ltd. boosted its stake in shares of Quest Resource by 453.5% in the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 15,115 shares in the last quarter. Finally, Privium Fund Management B.V. grew its holdings in shares of Quest Resource by 72.6% during the 2nd quarter. Privium Fund Management B.V. now owns 18,900 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 7,950 shares during the last quarter. Institutional investors own 48.16% of the company’s stock.

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.