Quest Resource (NASDAQ:QRHC) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Quest Resource (NASDAQ:QRHC) from a hold rating to a sell rating in a report released on Monday.

A number of other research analysts have also recently commented on the company. Northland Securities initiated coverage on Quest Resource in a report on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price target on the stock. Northland Capmk raised shares of Quest Resource to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Craig Hallum reduced their target price on Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Quest Resource Stock Performance

Shares of NASDAQ:QRHC opened at $7.06 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. Quest Resource has a 1-year low of $6.01 and a 1-year high of $10.85. The firm’s 50 day simple moving average is $8.21 and its two-hundred day simple moving average is $8.65.

Insider Activity at Quest Resource

In other Quest Resource news, COO David P. Sweitzer sold 22,593 shares of Quest Resource stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.00, for a total transaction of $180,744.00. Following the completion of the transaction, the chief operating officer now directly owns 8,511 shares of the company’s stock, valued at $68,088. The trade was a 72.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 6,817 shares of company stock valued at $52,418. Insiders own 22.84% of the company’s stock.

Institutional Trading of Quest Resource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in shares of Quest Resource by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 5,795 shares during the period. BNP Paribas Financial Markets grew its stake in Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after acquiring an additional 3,850 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Quest Resource during the third quarter valued at approximately $148,000. Privium Fund Management B.V. boosted its holdings in shares of Quest Resource by 47.1% in the third quarter. Privium Fund Management B.V. now owns 27,800 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 8,900 shares during the period. Finally, Evernest Financial Advisors LLC bought a new position in Quest Resource in the third quarter worth approximately $260,000. 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.