Questor Technology (CVE:QST) Reaches New 1-Year Low – Here’s What Happened

Questor Technology Inc. (CVE:QST) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.28, with a volume of 36275 shares changing hands. The stock had previously closed at C$0.30.

Wall Street Analysts Forecast Growth

QST has been the topic of a number of research analyst reports. ATB Cormark Capital Markets lowered Questor Technology from a “speculative buy” rating to a “sector perform” rating and lowered their price target for the stock from C$0.60 to C$0.45 in a research note on Wednesday, April 22nd. Acumen Capital decreased their price target on shares of Questor Technology from C$0.75 to C$0.55 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$0.50.

Questor Technology Stock Down 5.1%

The business’s fifty day moving average price is C$0.33 and its 200 day moving average price is C$0.38. The firm has a market capitalization of C$7.78 million, a price-to-earnings ratio of -4.67 and a beta of -0.15. The company has a current ratio of 2.64, a quick ratio of 5.48 and a debt-to-equity ratio of 4.31.

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. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.