Quest Resource (NASDAQ:QRHC) Downgraded by ValuEngine

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Quest Resource (NASDAQ:QRHC) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday, ValuEngine reports.

QRHC stock traded up $0.03 during mid-day trading on Monday, hitting $2.48. The company had a trading volume of 6,800 shares, compared to its average volume of 18,932. The firm has a market cap of $37.61 million, a PE ratio of -20.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.27. Quest Resource has a 12 month low of $1.26 and a 12 month high of $3.10. The stock’s fifty day moving average price is $2.50 and its two-hundred day moving average price is $2.41.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wynnefield Capital Inc. increased its stake in shares of Quest Resource by 38.9% in the second quarter. Wynnefield Capital Inc. now owns 1,615,718 shares of the business services provider’s stock worth $4,475,000 after purchasing an additional 452,123 shares in the last quarter. Connors Investor Services Inc. purchased a new position in shares of Quest Resource in the second quarter worth about $346,000. River & Mercantile Asset Management LLP purchased a new position in shares of Quest Resource in the second quarter worth about $688,000. Skylands Capital LLC purchased a new position in shares of Quest Resource in the second quarter worth about $1,163,000. Finally, Vanguard Group Inc. purchased a new position in shares of Quest Resource in the second quarter worth about $38,000. Hedge funds and other institutional investors own 33.07% of the company’s stock.

Quest Resource Company Profile

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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