Quest Resource (NASDAQ:QRHC) Stock Rating Lowered by Wall Street Zen

Quest Resource (NASDAQ:QRHC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Friday.

Quest Resource Price Performance

Shares of NASDAQ:QRHC opened at $2.02 on Friday. The company has a market cap of $41.77 million, a P/E ratio of -1.70 and a beta of 0.45. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.67. Quest Resource has a 52 week low of $1.91 and a 52 week high of $9.20. The business has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $3.38.

Quest Resource (NASDAQ:QRHC) last issued its earnings results on Monday, May 12th. The business services provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.09). Quest Resource had a negative net margin of 8.73% and a negative return on equity of 9.11%. The firm had revenue of $68.43 million during the quarter, compared to analyst estimates of $72.04 million. Equities research analysts forecast that Quest Resource will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of Quest Resource during the first quarter worth about $27,000. Cresset Asset Management LLC acquired a new position in shares of Quest Resource during the first quarter worth about $43,000. Wells Fargo & Company MN lifted its stake in shares of Quest Resource by 53.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,143 shares of the business services provider’s stock worth $53,000 after purchasing an additional 2,830 shares in the last quarter. Nuveen LLC acquired a new position in shares of Quest Resource in the first quarter worth about $60,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Quest Resource in the fourth quarter worth about $68,000. 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.