Quest Resource (NASDAQ:QRHC) Downgraded by ValuEngine

Quest Resource (NASDAQ:QRHC) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Monday, ValuEngine reports.

Shares of QRHC traded up $0.03 during trading hours on Monday, hitting $2.48. 6,800 shares of the stock were exchanged, compared to its average volume of 18,932. Quest Resource has a fifty-two week low of $1.26 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $2.50 and a 200-day moving average of $2.41. The firm has a market capitalization of $37.61 million, a P/E ratio of -20.67 and a beta of 1.27.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Quest Resource during the second quarter worth $38,000. Connors Investor Services Inc. acquired a new stake in shares of Quest Resource during the second quarter worth $346,000. First Wilshire Securities Management Inc. acquired a new stake in shares of Quest Resource during the second quarter worth $554,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Quest Resource during the second quarter worth $688,000. Finally, Renaissance Technologies LLC increased its position in shares of Quest Resource by 3.5% during the second quarter. Renaissance Technologies LLC now owns 277,824 shares of the business services provider’s stock worth $770,000 after buying an additional 9,441 shares during the period. Institutional investors own 33.07% of the company’s stock.

Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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