Quest Resource (NASDAQ:QRHC) Shares Pass Below 200-Day Moving Average – What’s Next?

Quest Resource Holding Corporation. (NASDAQ:QRHC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.73 and traded as low as $1.20. Quest Resource shares last traded at $1.20, with a volume of 97,653 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Quest Resource to a “hold” rating in a research report on Saturday, January 10th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $2.25.

Quest Resource Stock Down 4.8%

The stock has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.73. The firm has a market cap of $25.15 million, a PE ratio of -1.64 and a beta of 0.17. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.30 and a quick ratio of 1.30.

Quest Resource (NASDAQ:QRHC) last released its earnings results on Friday, March 13th. The business services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). Quest Resource had a negative return on equity of 14.18% and a negative net margin of 6.15%.The company had revenue of $58.91 million during the quarter, compared to analysts’ expectations of $61.21 million. Sell-side analysts predict that Quest Resource Holding Corporation. will post 0.09 EPS for the current fiscal year.

Institutional Trading of Quest Resource

Several institutional investors have recently bought and sold shares of the company. Greenhaven Road Investment Management L.P. raised its holdings in Quest Resource by 137.2% in the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock worth $48,000 after acquiring an additional 17,801 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Quest Resource during the 2nd quarter valued at $50,000. Jane Street Group LLC boosted its stake in Quest Resource by 91.4% during the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 13,004 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Quest Resource by 36.5% in the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after purchasing an additional 4,104 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Quest Resource by 22.8% in the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock worth $135,000 after purchasing an additional 9,647 shares during the last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.