Quest Resource (NASDAQ:QRHC) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Quest Resource (NASDAQ:QRHC) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen raised shares of Quest Resource to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of $2.25.

Quest Resource Stock Performance

Shares of NASDAQ:QRHC opened at $1.19 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.58. Quest Resource has a 1-year low of $0.81 and a 1-year high of $2.88. The stock has a market capitalization of $24.94 million, a P/E ratio of -1.63 and a beta of 0.17. The business has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $1.71.

Quest Resource (NASDAQ:QRHC) last issued its earnings results on Friday, March 13th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). The business had revenue of $58.91 million during the quarter, compared to the consensus estimate of $61.21 million. Quest Resource had a negative net margin of 6.15% and a negative return on equity of 14.18%. Equities analysts predict that Quest Resource will post 0.09 earnings per share for the current year.

Institutional Trading of Quest Resource

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Veradace Capital Management LLC acquired a new stake in shares of Quest Resource in the 4th quarter valued at approximately $2,336,000. Kennedy Capital Management LLC grew its holdings in Quest Resource by 52.5% during the second quarter. Kennedy Capital Management LLC now owns 311,289 shares of the business services provider’s stock valued at $629,000 after purchasing an additional 107,107 shares during the period. Mink Brook Asset Management LLC increased its stake in Quest Resource by 52.0% in the third quarter. Mink Brook Asset Management LLC now owns 304,418 shares of the business services provider’s stock valued at $475,000 after purchasing an additional 104,085 shares in the last quarter. Truist Financial Corp increased its stake in Quest Resource by 11.8% in the third quarter. Truist Financial Corp now owns 276,222 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 29,253 shares in the last quarter. Finally, Rothschild Wealth LLC acquired a new stake in Quest Resource in the fourth quarter worth $274,000. 48.16% of the stock is 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.