Quest Resource (NASDAQ:QRHC) Raised to Hold at Zacks Research

Quest Resource (NASDAQ:QRHC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings downgraded Quest Resource from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $2.25.

Quest Resource Trading Down 1.6%

Quest Resource stock opened at $1.25 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.28 and a current ratio of 1.28. Quest Resource has a fifty-two week low of $0.81 and a fifty-two week high of $2.41. The stock has a market cap of $26.34 million, a P/E ratio of -3.68 and a beta of 0.18. The firm’s fifty day moving average price is $1.24 and its 200-day moving average price is $1.50.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Quest Resource had a negative net margin of 3.00% and a negative return on equity of 12.30%. The business had revenue of $61.73 million for the quarter, compared to the consensus estimate of $62.21 million. Equities research analysts forecast that Quest Resource will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. raised its stake in shares of Quest Resource by 100.0% during the first quarter. Sei Investments Co. now owns 122,670 shares of the business services provider’s stock worth $146,000 after acquiring an additional 61,335 shares in the last quarter. Veradace Capital Management LLC purchased a new stake in shares of Quest Resource in the 4th quarter valued at $2,336,000. Rothschild Wealth LLC bought a new position in shares of Quest Resource during the 4th quarter valued at $274,000. Jane Street Group LLC raised its position in Quest Resource by 91.4% in the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after purchasing an additional 13,004 shares during the period. Finally, Greenhaven Road Investment Management L.P. lifted its stake in Quest Resource by 137.2% in the third quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock worth $48,000 after purchasing an additional 17,801 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors.

About Quest Resource

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.