Quest Resource (NASDAQ:QRHC) Issues Earnings Results

Quest Resource (NASDAQ:QRHC) issued its quarterly earnings data on Wednesday. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%.

Quest Resource Trading Down 10.7 %

Shares of QRHC traded down $0.46 during midday trading on Wednesday, hitting $3.85. The stock had a trading volume of 112,659 shares, compared to its average volume of 63,086. Quest Resource has a 1 year low of $3.82 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s 50 day moving average is $5.32 and its 200 day moving average is $6.87. The firm has a market cap of $79.26 million, a PE ratio of -10.41, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.

Institutional Trading of Quest Resource

An institutional investor recently raised its position in Quest Resource stock. Bank of America Corp DE lifted its holdings in Quest Resource Holding Co. (NASDAQ:QRHC) by 36.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,356 shares of the business services provider’s stock after buying an additional 4,104 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Quest Resource worth $100,000 at the end of the most recent quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.