Quest Resource (NASDAQ:QRHC) Share Price Crosses Above Fifty Day Moving Average of $8.39

Quest Resource Holding Co. (NASDAQ:QRHC)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.39 and traded as high as $10.70. Quest Resource shares last traded at $10.66, with a volume of 51,012 shares traded.

Quest Resource Trading Up 4.0 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50-day moving average is $8.39 and its two-hundred day moving average is $7.53.

Quest Resource (NASDAQ:QRHC) last announced its earnings results on Tuesday, March 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $69.34 million for the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Quest Resource Holding Co. will post 0.43 earnings per share for the current year.

Insider Activity

In other news, major shareholder Wynnefield Partners Small Cap purchased 14,918 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $6.94 per share, for a total transaction of $103,530.92. Following the completion of the acquisition, the insider now owns 1,294,093 shares in the company, valued at $8,981,005.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QRHC. Wynnefield Capital Inc. raised its stake in shares of 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 purchasing an additional 24,955 shares during the period. First Eagle Investment Management LLC raised its position in Quest Resource by 19.7% in the third quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider’s stock worth $2,713,000 after acquiring an additional 60,396 shares during the period. North Star Investment Management Corp. purchased a new position in Quest Resource in the first quarter valued at about $1,287,000. Ancora Advisors LLC bought a new position in shares of Quest Resource during the 3rd quarter valued at approximately $283,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Quest Resource during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors 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.