Questor Technology (CVE:QST) Shares Down 17.4% – What’s Next?

Questor Technology Inc. (CVE:QST)’s stock price fell 17.4% on Wednesday . The company traded as low as C$0.37 and last traded at C$0.38. 120,108 shares changed hands during trading, an increase of 277% from the average session volume of 31,896 shares. The stock had previously closed at C$0.46.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on QST. Atb Cap Markets raised Questor Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, September 1st. Acumen Capital upped their price objective on shares of Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their target price for the company from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$0.80.

Questor Technology Stock Performance

The company has a market cap of C$11.43 million, a price-to-earnings ratio of -13.83 and a beta of 0.74. The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62. The company has a fifty day moving average of C$0.54 and a two-hundred day moving average of C$0.48.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.