Quest Resource (NASDAQ:QRHC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Quest Resource Holding Corporation. (NASDAQ:QRHC) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $1.35 and traded as high as $1.40. Quest Resource shares last traded at $1.40, with a volume of 54,252 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Quest Resource presently has an average rating of “Reduce”.

Quest Resource Trading Up 16.7%

The firm has a market capitalization of $29.76 million, a P/E ratio of -1.79 and a beta of 0.20. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.22 and a quick ratio of 1.18. The business’s 50-day moving average is $1.27 and its 200 day moving average is $1.35.

Quest Resource (NASDAQ:QRHC) last released its earnings results on Thursday, November 5th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. Quest Resource had a negative return on equity of 16.76% and a negative net margin of 6.72%. The company had revenue of $63.78 million for the quarter, compared to analyst estimates of $66.30 million. As a group, analysts anticipate that Quest Resource Holding Corporation. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Quest Resource

An institutional investor recently raised its position in Quest Resource stock. Sei Investments Co. boosted its stake in Quest Resource Holding Corporation. (NASDAQ:QRHC) by 100.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,670 shares of the business services provider’s stock after purchasing an additional 61,335 shares during the period. Sei Investments Co. owned about 0.58% of Quest Resource worth $146,000 at the end of the most recent quarter. 48.16% of the stock is currently owned by institutional investors.

Quest Resource Company Profile

Quest Resource Holding Corp. (NASDAQ: QRHC) provides waste and recycling management services for commercial, industrial, and multi-location customers. The company helps organizations manage material collection, transportation, processing, recycling, reuse, and disposal through a network of third-party service providers. Quest’s offerings are designed to help customers improve waste diversion, reduce landfill use, enhance operational efficiency, and support sustainability and regulatory objectives.