Quest Resource (NASDAQ:QRHC) Share Price Passes Above Fifty Day Moving Average of $7.62

Quest Resource Holding Co. (NASDAQ:QRHC)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.62 and traded as high as $9.39. Quest Resource shares last traded at $9.16, with a volume of 108,138 shares changing hands.

Quest Resource Trading Up 1.4 %

The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $7.62 and a 200 day simple moving average of $7.30. The company has a market cap of $184.77 million, a price-to-earnings ratio of -26.17, a P/E/G ratio of 1.40 and a beta of 0.67.

Quest Resource (NASDAQ:QRHC) last released its earnings results on Tuesday, March 12th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Quest Resource had a negative net margin of 2.53% and a positive return on equity of 4.99%. The business had revenue of $69.34 million during the quarter, compared to analyst estimates of $74.10 million. On average, equities analysts anticipate that Quest Resource Holding Co. will post 0.43 EPS for the current fiscal year.

Insider Transactions at Quest Resource

In other news, major shareholder Wynnefield Partners Small Cap purchased 14,918 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $6.94 per share, with a total value of $103,530.92. Following the purchase, the insider now directly owns 1,294,093 shares of the company’s stock, valued at approximately $8,981,005.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QRHC. Scopus Asset Management L.P. acquired a new position in shares of Quest Resource during the 1st quarter worth $38,000. Barclays PLC acquired a new position in Quest Resource in the 3rd quarter valued at about $39,000. Raymond James Financial Services Advisors Inc. acquired a new position in Quest Resource in the 4th quarter valued at about $68,000. Jane Street Group LLC acquired a new position in Quest Resource in the 1st quarter valued at about $75,000. Finally, Quadrature Capital Ltd acquired a new position in Quest Resource in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Quest Resource Company Profile

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.