Quest Resource (NASDAQ:QRHC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Quest Resource (NASDAQ:QRHC) from a sell rating to a hold rating in a research report released on Tuesday morning.

A number of other equities research analysts also recently commented on QRHC. Northland Capmk raised shares of Quest Resource to a “strong-buy” rating in a research report on Tuesday, September 17th. Craig Hallum dropped their price objective on shares of 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 started coverage on shares of 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 Trading Down 1.3 %

Shares of NASDAQ:QRHC opened at $6.71 on Tuesday. Quest Resource has a 52 week low of $6.01 and a 52 week high of $10.85. The company’s 50 day moving average is $8.12 and its two-hundred day moving average is $8.57. 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 company has a market cap of $138.16 million, a PE ratio of -18.38, a P/E/G ratio of 5.04 and a beta of 0.66.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew 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 valued at $2,815,000 after buying an additional 3,731 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,850 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Quest Resource during the 2nd quarter worth $34,000. State Street Corp boosted its stake in Quest Resource by 2.5% during the 3rd quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 4,235 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in 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 purchasing an additional 5,795 shares during the period. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.