Quest Resource (NASDAQ:QRHC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Quest Resource (NASDAQ:QRHCGet Rating) in a report issued on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

QRHC has been the topic of a number of other research reports. HC Wainwright restated a “buy” rating on shares of Quest Resource in a report on Friday, March 18th. Zacks Investment Research lowered Quest Resource from a “buy” rating to a “hold” rating in a report on Saturday, February 12th. Roth Capital restated a “buy” rating on shares of Quest Resource in a report on Friday, March 18th. Finally, Craig Hallum assumed coverage on Quest Resource in a report on Monday, February 14th. They issued a “buy” rating and a $13.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $10.69.

Shares of Quest Resource stock opened at $5.00 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.33 and a current ratio of 1.33. Quest Resource has a 52 week low of $4.05 and a 52 week high of $8.30. The stock has a 50 day moving average price of $5.88 and a two-hundred day moving average price of $6.16. The stock has a market capitalization of $95.23 million, a PE ratio of -55.55, a price-to-earnings-growth ratio of 4.09 and a beta of 1.36.

Quest Resource (NASDAQ:QRHCGet Rating) last announced its quarterly earnings data on Monday, May 16th. The business services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Quest Resource had a negative net margin of 0.85% and a positive return on equity of 5.80%. During the same period last year, the firm posted $0.06 earnings per share. Research analysts forecast that Quest Resource will post 0.09 EPS for the current year.

In other news, major shareholder Wynnefield Partners Small Cap bought 5,855 shares of the stock in a transaction on Wednesday, March 23rd. The shares were purchased at an average cost of $6.25 per share, for a total transaction of $36,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Barry M. Kitt purchased 36,859 shares of Quest Resource stock in a transaction dated Friday, April 29th. The stock was bought at an average price of $5.51 per share, with a total value of $203,093.09. Following the completion of the transaction, the insider now owns 2,464,969 shares of the company’s stock, valued at approximately $13,581,979.19. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 133,911 shares of company stock worth $721,806. Corporate insiders own 21.91% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Skylands Capital LLC grew its position in Quest Resource by 25.2% during the fourth quarter. Skylands Capital LLC now owns 273,686 shares of the business services provider’s stock worth $1,899,000 after buying an additional 55,036 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Quest Resource by 12.6% in the 3rd quarter. Renaissance Technologies LLC now owns 380,292 shares of the business services provider’s stock valued at $2,320,000 after acquiring an additional 42,600 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Quest Resource by 251.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,001 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 36,494 shares during the last quarter. EAM Investors LLC lifted its stake in shares of Quest Resource by 1.3% in the 1st quarter. EAM Investors LLC now owns 191,912 shares of the business services provider’s stock valued at $1,180,000 after acquiring an additional 2,514 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Quest Resource by 93.9% in the 1st quarter. First Eagle Investment Management LLC now owns 133,438 shares of the business services provider’s stock valued at $821,000 after acquiring an additional 64,609 shares during the last quarter. Institutional investors and hedge funds own 41.89% of the company’s stock.

About Quest Resource (Get Rating)

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. It offers 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.

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