Quest Resource (NASDAQ:QRHC) Shares Cross Above 50-Day Moving Average of $7.85

Quest Resource Holding Co. (NASDAQ:QRHC) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.85 and traded as high as $9.04. Quest Resource shares last traded at $9.03, with a volume of 41,113 shares changing hands.

Quest Resource Price Performance

The business has a fifty day moving average price of $7.85 and a 200 day moving average price of $7.36. The company has a market cap of $182.14 million, a price-to-earnings ratio of -25.80, a PEG ratio of 1.34 and a beta of 0.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.35 and a current ratio of 1.35.

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

Insider Transactions at Quest Resource

In other news, major shareholder Wynnefield Partners Small Cap acquired 14,918 shares of the business’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 acquisition, the insider now directly owns 1,294,093 shares in the company, valued at approximately $8,981,005.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in Quest Resource in the 3rd quarter valued at approximately $39,000. Quadrature Capital Ltd bought a new stake in shares of Quest Resource in the third quarter worth $77,000. Ancora Advisors LLC acquired a new stake in Quest Resource in the third quarter valued at $283,000. First Eagle Investment Management LLC raised its position in Quest Resource by 19.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider’s stock worth $2,713,000 after purchasing an additional 60,396 shares during the last quarter. Finally, Wynnefield Capital Inc. lifted its holdings in Quest Resource by 1.0% during the 3rd quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider’s stock worth $19,208,000 after buying an additional 24,955 shares during the period. 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.