Questor Technology (CVE:QST) Stock Price Up 26.3% – Here’s Why

Questor Technology Inc. (CVE:QST) shares traded up 26.3% during trading on Tuesday . The company traded as high as C$0.48 and last traded at C$0.48. 163,000 shares were traded during mid-day trading, an increase of 424% from the average session volume of 31,102 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

QST has been the topic of several recent analyst reports. Acumen Capital upped their price target on Questor Technology from C$0.70 to C$0.75 and gave the company a “hold” rating in a research note on Friday, August 29th. Atb Cap Markets upgraded shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Finally, ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their target price for the stock from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Stock Up 26.3%

The firm’s 50-day moving average price is C$0.47 and its two-hundred day moving average price is C$0.48. 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 firm has a market cap of C$13.22 million, a PE ratio of -8.00 and a beta of 0.51.

Questor Technology Company Profile

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.