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

Quest Resource (NASDAQ:QRHC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other equities research analysts also recently issued reports on QRHC. Northland Securities began coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They set an “outperform” rating and a $12.50 price objective for the company. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Craig Hallum reduced their price objective on 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

Quest Resource stock opened at $7.05 on Monday. 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 12 month low of $6.01 and a 12 month high of $10.85. The company has a market cap of $143.68 million, a price-to-earnings ratio of -19.05, a price-to-earnings-growth ratio of 1.74 and a beta of 0.66. The stock’s 50-day moving average is $8.26 and its 200-day moving average is $8.68.

Insider Transactions at Quest Resource

In related news, COO David P. Sweitzer sold 22,593 shares of Quest Resource stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total transaction of $180,744.00. Following the sale, the chief operating officer now owns 8,511 shares of the company’s stock, valued at $68,088. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have bought 6,817 shares of company stock valued at $52,418. Corporate insiders own 22.84% of the company’s stock.

Institutional Investors Weigh In On Quest Resource

A number of hedge funds have recently bought and sold shares of QRHC. First Eagle Investment Management LLC raised its position in shares of Quest Resource by 2.7% in the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock valued at $3,058,000 after purchasing an additional 9,490 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Quest Resource by 4.9% during 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 acquiring an additional 7,945 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Quest Resource during the 2nd quarter worth $406,000. Evernest Financial Advisors LLC bought a new stake in shares of Quest Resource in the 3rd quarter worth about $260,000. Finally, Privium Fund Management B.V. raised its stake in shares of Quest Resource by 47.1% in the 3rd quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 8,900 shares in the last quarter. 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.