Questor Technology (CVE:QST) Trading Up 26.3% – Here’s What Happened

Questor Technology Inc. (CVE:QST)’s stock price rose 26.3% on Tuesday . The stock traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares changed hands during mid-day trading, an increase of 432% from the average daily volume of 30,646 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

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

Questor Technology Trading Up 26.3%

The company has a market cap of C$13.22 million, a price-to-earnings ratio of -8.00 and a beta of 0.51. The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65. The business’s 50 day moving average price is C$0.48 and its 200-day moving average price is 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.