Quest Resource (NASDAQ:QRHC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Quest Resource stock opened at $2.54 on Tuesday. The stock has a 50-day moving average price of $2.39 and a two-hundred day moving average price of $2.49. Quest Resource has a 12 month low of $1.26 and a 12 month high of $3.10. The company has a market capitalization of $39.55 million, a PE ratio of -21.17 and a beta of 1.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.07.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in Quest Resource in the 2nd quarter valued at approximately $38,000. Connors Investor Services Inc. bought a new stake in Quest Resource during the 2nd quarter worth approximately $346,000. First Wilshire Securities Management Inc. acquired a new position in Quest Resource in the 2nd quarter valued at approximately $554,000. River & Mercantile Asset Management LLP acquired a new position in Quest Resource in the 2nd quarter valued at approximately $688,000. Finally, Renaissance Technologies LLC raised its stake 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 valued at $770,000 after acquiring an additional 9,441 shares during the last quarter. 31.27% of the stock is owned by institutional investors.

About Quest Resource

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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