Quest Resource (NASDAQ:QRHC) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Quest Resource Holding Co. (NASDAQ:QRHC)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.16 and traded as low as $6.40. Quest Resource shares last traded at $6.51, with a volume of 71,097 shares changing hands.

Analysts Set New Price Targets

QRHC has been the topic of a number of research reports. Northland Securities initiated coverage on shares of Quest Resource in a research report on Tuesday, September 17th. They set an “outperform” rating and a $12.50 target price on the stock. StockNews.com raised Quest Resource from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Northland Capmk raised Quest Resource to a “strong-buy” rating in a research report on Tuesday, September 17th.

Quest Resource Price Performance

The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $7.46 and its two-hundred day moving average price is $8.16. The stock has a market cap of $134.03 million, a PE ratio of -17.59, a PEG ratio of 4.97 and a beta of 0.62.

Institutional Trading of Quest Resource

Several hedge funds and other institutional investors have recently bought and sold shares of QRHC. Geode Capital Management LLC raised its position in shares of Quest Resource by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock worth $2,815,000 after acquiring an additional 3,731 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Quest Resource by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,850 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Quest Resource in the second quarter worth about $34,000. State Street Corp boosted its holdings in shares of Quest Resource by 2.5% in the 3rd quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock valued at $1,399,000 after buying an additional 4,235 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Quest Resource by 129.1% in 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 last quarter. Institutional investors own 48.16% of the company’s stock.

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.