Quest Resource (NASDAQ:QRHC) Upgraded at StockNews.com

StockNews.com upgraded shares of Quest Resource (NASDAQ:QRHC) from a sell rating to a hold rating in a report published on Tuesday.

QRHC has been the topic of several other research reports. Northland Securities began coverage on shares of 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 research note on Tuesday, September 17th. Finally, Craig Hallum cut their price target on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Quest Resource Price Performance

NASDAQ QRHC opened at $7.05 on Tuesday. The company has a market cap of $145.15 million, a PE ratio of -19.05, a price-to-earnings-growth ratio of 4.97 and a beta of 0.66. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. The firm’s 50-day simple moving average is $8.03 and its two-hundred day simple moving average is $8.52. Quest Resource has a 52 week low of $6.01 and a 52 week high of $10.85.

Hedge Funds Weigh In On Quest Resource

A number of large investors have recently modified their holdings of QRHC. Ashton Thomas Private Wealth LLC purchased a new position in shares of Quest Resource during the second quarter worth approximately $34,000. BNP Paribas Financial Markets grew its holdings in shares of Quest Resource by 62.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,850 shares during the last quarter. MetLife Investment Management LLC raised its position in Quest Resource by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after purchasing an additional 5,795 shares during the period. Jane Street Group LLC bought a new stake in Quest Resource in the third quarter worth $116,000. Finally, Rhumbline Advisers purchased a new stake in Quest Resource during the second quarter valued at about $145,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

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.