Quest Resource Holding Co. (NASDAQ:QRHC – Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.37 and traded as low as $8.63. Quest Resource shares last traded at $8.81, with a volume of 71,055 shares changing hands.
Analysts Set New Price Targets
Separately, Craig Hallum boosted their price objective on Quest Resource from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 10th.
Quest Resource Price Performance
The firm’s 50-day moving average is $9.37 and its 200-day moving average is $7.90. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $178.40 million, a PE ratio of -31.46, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65.
Quest Resource (NASDAQ:QRHC – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $72.65 million during the quarter, compared to analysts’ expectations of $72.30 million. Quest Resource had a positive return on equity of 6.70% and a negative net margin of 2.06%. Equities analysts predict that Quest Resource Holding Co. will post 0.42 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Quest Resource news, major shareholder Wynnefield Partners Small Cap purchased 14,918 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $6.94 per share, with a total value of $103,530.92. Following the completion of the purchase, the insider now owns 1,294,093 shares of the company’s stock, valued at approximately $8,981,005.42. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Glenn Culpepper bought 4,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was bought at an average price of $9.75 per share, with a total value of $39,000.00. Following the purchase, the director now owns 4,000 shares in the company, valued at approximately $39,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap bought 14,918 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $6.94 per share, with a total value of $103,530.92. Following the completion of the acquisition, the insider now directly owns 1,294,093 shares in the company, valued at $8,981,005.42. The disclosure for this purchase can be found here. Insiders bought a total of 20,918 shares of company stock valued at $160,711 over the last quarter. 22.84% of the stock is owned by corporate insiders.
Institutional Trading of Quest Resource
Several hedge funds and other institutional investors have recently bought and sold shares of QRHC. First Eagle Investment Management LLC grew its holdings in shares of Quest Resource by 2.7% in the first quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock worth $3,058,000 after purchasing an additional 9,490 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Quest Resource by 453.5% in the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock worth $158,000 after acquiring an additional 15,115 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Quest Resource in the first quarter valued at about $1,287,000. Quadrature Capital Ltd bought a new position in shares of Quest Resource during the third quarter valued at about $77,000. Finally, Ancora Advisors LLC bought a new position in shares of Quest Resource during the third quarter valued at about $283,000. Institutional investors own 48.16% of the company’s stock.
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.