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

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

Other analysts also recently issued reports about the company. Northland Capmk upgraded Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Craig Hallum decreased their price objective on Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Northland Securities assumed coverage on Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price objective for the company.

Quest Resource Stock Up 1.0 %

NASDAQ:QRHC opened at $7.12 on Monday. Quest Resource has a twelve month low of $6.01 and a twelve month high of $10.85. The company has a market cap of $146.59 million, a price-to-earnings ratio of -19.24, a price-to-earnings-growth ratio of 5.22 and a beta of 0.66. The stock has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $8.66. The company has a current ratio of 1.52, a quick ratio of 1.49 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 business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total value of $180,744.00. Following the completion of the transaction, the chief operating officer now directly owns 8,511 shares in the company, valued at approximately $68,088. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 6,817 shares of company stock worth $52,418. 22.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Quest Resource

A number of large investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its holdings in Quest Resource by 129.1% in the third 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 in the last quarter. BNP Paribas Financial Markets raised its holdings 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 worth $80,000 after purchasing an additional 3,850 shares in the last quarter. GSA Capital Partners LLP bought a new position in Quest Resource in the third quarter worth about $148,000. Privium Fund Management B.V. raised its holdings in Quest Resource by 47.1% in the third quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock worth $222,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Evernest Financial Advisors LLC bought a new position in Quest Resource in the third quarter worth about $260,000. 48.16% of the stock is currently owned by 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.