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

StockNews.com downgraded shares of Quest Resource (NASDAQ:QRHC) from a hold rating to a sell rating in a report issued on Monday morning.

QRHC has been the topic of a number of other research reports. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a research report on Tuesday, September 17th. Craig Hallum dropped their target price on Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Northland Securities assumed coverage on Quest Resource in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 target price on the stock.

Quest Resource Price Performance

Shares of NASDAQ QRHC opened at $7.12 on Monday. The business’s 50 day moving average price is $8.24 and its 200 day moving average price is $8.66. The firm has a market cap of $146.59 million, a P/E ratio of -19.24, a P/E/G ratio of 5.22 and a beta of 0.66. Quest Resource has a 52 week low of $6.01 and a 52 week high of $10.85. The company has a quick ratio of 1.49, a current ratio of 1.52 and a debt-to-equity ratio of 1.15.

Insiders Place Their Bets

In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total value of $180,744.00. Following the sale, the chief operating officer now owns 8,511 shares in the company, valued at approximately $68,088. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 6,817 shares of company stock worth $52,418. Corporate insiders own 22.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Quest Resource during the 2nd quarter worth approximately $34,000. BNP Paribas Financial Markets raised its stake 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 buying an additional 3,850 shares during the period. MetLife Investment Management LLC raised its stake 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 buying an additional 5,795 shares during the period. Rhumbline Advisers acquired a new position in shares of Quest Resource during the 2nd quarter worth approximately $145,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Quest Resource by 453.5% during the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock worth $158,000 after buying an additional 15,115 shares during the period. 48.16% of the stock is owned by institutional investors and hedge funds.

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.