Quest Resource (NASDAQ:QRHC) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Quest Resource Holding Corporation. (NASDAQ:QRHC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.67 and traded as low as $1.13. Quest Resource shares last traded at $1.14, with a volume of 40,020 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research lowered Quest Resource from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. Wall Street Zen upgraded Quest Resource to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of $2.25.

Quest Resource Stock Down 0.9%

The business has a 50-day moving average of $1.40 and a 200-day moving average of $1.67. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $23.89 million, a price-to-earnings ratio of -1.56 and a beta of 0.25.

Quest Resource (NASDAQ:QRHC) last issued its quarterly earnings data on Friday, March 13th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The business had revenue of $58.91 million for the quarter, compared to analyst estimates of $61.21 million. Quest Resource had a negative return on equity of 14.18% and a negative net margin of 6.15%. On average, sell-side analysts expect that Quest Resource Holding Corporation. will post 0.02 EPS for the current year.

Institutional Trading of Quest Resource

A number of hedge funds and other institutional investors have recently modified their holdings of QRHC. Bank of America Corp DE grew its position in shares of Quest Resource by 36.5% during the fourth quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after buying an additional 4,104 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Quest Resource by 22.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock worth $135,000 after buying an additional 9,647 shares in the last quarter. Jane Street Group LLC grew its position in shares of Quest Resource by 91.4% during the fourth quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after buying an additional 13,004 shares in the last quarter. Greenhaven Road Investment Management L.P. grew its position in shares of Quest Resource by 137.2% during the third quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock worth $48,000 after buying an additional 17,801 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Quest Resource during the second quarter worth about $50,000. 48.16% of the stock is owned by institutional investors and hedge funds.

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.