Quest Resource (NASDAQ:QRHC) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Quest Resource (NASDAQ:QRHC) released its quarterly earnings data on Monday. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.09), Zacks reports. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%.

Quest Resource Stock Performance

Shares of NASDAQ QRHC traded down $0.02 during midday trading on Monday, hitting $2.47. 139,176 shares of the stock traded hands, compared to its average volume of 72,956. The firm has a 50-day moving average of $2.75 and a two-hundred day moving average of $5.02. The firm has a market capitalization of $50.90 million, a P/E ratio of -6.68, a PEG ratio of 0.76 and a beta of 0.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52. Quest Resource has a one year low of $1.91 and a one year high of $10.48.

Insider Activity

In related news, CEO Perry W. Moss bought 16,338 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $3.01 per share, with a total value of $49,177.38. Following the acquisition, the chief executive officer now owns 257,933 shares in the company, valued at $776,378.33. This trade represents a 6.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 23,912 shares of company stock valued at $71,046 in the last ninety days. 22.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Quest Resource

A hedge fund recently raised its stake in Quest Resource stock. Bank of America Corp DE boosted its holdings in Quest Resource Holding Co. (NASDAQ:QRHC) by 36.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,356 shares of the business services provider’s stock after buying an additional 4,104 shares during the period. Bank of America Corp DE owned 0.07% of Quest Resource worth $100,000 as of its most recent SEC filing. 48.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com cut Quest Resource from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Northland Securities set a $6.50 price objective on Quest Resource in a research report on Thursday, March 13th.

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.