Quest Resource (NASDAQ:QRHC) Raised to “Hold” at StockNews.com

Quest Resource (NASDAQ:QRHC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also recently issued reports on the company. Northland Capmk raised Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Northland Securities initiated coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 target price for the company. Finally, 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.

Quest Resource Stock Performance

Shares of QRHC opened at $6.80 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.49 and a current ratio of 1.52. The company has a market cap of $140.00 million, a price-to-earnings ratio of -18.38, a PEG ratio of 5.04 and a beta of 0.66. The stock has a fifty day moving average price of $8.14 and a two-hundred day moving average price of $8.59. Quest Resource has a 52-week low of $6.01 and a 52-week high of $10.85.

Hedge Funds Weigh In On Quest Resource

Several large investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Quest Resource during the 2nd quarter worth about $34,000. BNP Paribas Financial Markets raised its stake in shares of Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after buying an additional 3,850 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Quest Resource by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after buying an additional 5,795 shares during the period. Jane Street Group LLC bought a new position in Quest Resource in the third quarter valued at approximately $116,000. Finally, Rhumbline Advisers acquired a new stake in Quest Resource during the 2nd quarter worth $145,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.