Questor Technology (CVE:QST) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Questor Technology Inc. (CVE:QST) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.46 and traded as low as C$0.36. Questor Technology shares last traded at C$0.36, with a volume of 13,500 shares traded.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their target price on Questor Technology from C$0.65 to C$0.60 and set a “sector perform” rating for the company in a research note on Friday, August 16th.

Questor Technology Price Performance

The company has a debt-to-equity ratio of 4.81, a current ratio of 3.18 and a quick ratio of 5.48. The stock has a market capitalization of C$9.95 million, a price-to-earnings ratio of -1.71 and a beta of 1.62. The company has a 50-day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.53.

Questor Technology (CVE:QST) last released its quarterly earnings data on Thursday, August 15th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). The firm had revenue of C$0.87 million during the quarter, compared to analyst estimates of C$2.00 million. Questor Technology had a negative return on equity of 22.33% and a negative net margin of 121.01%. On average, equities research analysts predict that Questor Technology Inc. will post 0.0249827 earnings per share for the current year.

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.