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

Quest Resource (NASDAQ:QRHC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Quest Resource Stock Up 10.8 %

NASDAQ QRHC opened at $2.97 on Thursday. Quest Resource has a 52 week low of $2.61 and a 52 week high of $10.85. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $5.12 and its 200-day simple moving average is $6.78. The firm has a market cap of $61.15 million, a PE ratio of -8.03, a P/E/G ratio of 0.76 and a beta of 0.66.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. The company had revenue of $69.97 million for the quarter, compared to analysts’ expectations of $73.63 million. As a group, equities analysts anticipate that Quest Resource will post 0.09 earnings per share for the current year.

Institutional Trading of Quest Resource

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in shares of Quest Resource by 53.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock worth $53,000 after purchasing an additional 2,830 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Quest Resource by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,850 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Quest Resource by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,795 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Quest Resource during the 4th quarter worth about $68,000. Finally, Greenhaven Road Investment Management L.P. acquired a new stake in shares of Quest Resource during the 4th quarter worth about $72,000. 48.16% of the stock is owned by institutional investors and hedge funds.

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.