Questor Technology (CVE:QST) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Questor Technology Inc. (CVE:QST) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.30 and traded as low as C$0.24. Questor Technology shares last traded at C$0.24, with a volume of 7,000 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on QST shares. ATB Cormark Capital Markets cut shares of Questor Technology from a “speculative buy” rating to a “sector perform” rating and reduced their price target for the company from C$0.60 to C$0.45 in a research report on Wednesday, April 22nd. Acumen Capital reduced their price target on shares of Questor Technology from C$0.75 to C$0.55 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Questor Technology presently has an average rating of “Hold” and an average target price of C$0.50.

Questor Technology Trading Down 5.9%

The company has a debt-to-equity ratio of 4.09, a current ratio of 3.01 and a quick ratio of 5.48. The company has a market capitalization of C$6.67 million, a price-to-earnings ratio of -3.12 and a beta of -0.07. The business’s 50 day simple moving average is C$0.30 and its 200 day simple moving average is C$0.35.

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