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

Quest Resource (NASDAQ:QRHC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Quest Resource Stock Performance

NASDAQ QRHC opened at $2.97 on Thursday. The company has a market cap of $61.15 million, a P/E ratio of -8.03, a P/E/G ratio of 0.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a 50-day moving average of $5.12 and a two-hundred day moving average of $6.78. Quest Resource has a 1-year low of $2.61 and a 1-year high of $10.85.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings data on Wednesday, March 12th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%. The company had revenue of $69.97 million for the quarter, compared to analyst estimates of $73.63 million. As a group, analysts anticipate that Quest Resource will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Quest Resource

A number of institutional investors and hedge funds have recently made changes to their positions in QRHC. GSA Capital Partners LLP acquired a new position in shares of Quest Resource during the third quarter worth about $148,000. BNP Paribas Financial Markets grew its position in shares of Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after buying an additional 3,850 shares in the last quarter. MetLife Investment Management LLC grew its position 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 worth $82,000 after buying an additional 5,795 shares in the last quarter. Needham Investment Management LLC acquired a new position in shares of Quest Resource during the third quarter worth about $2,793,000. Finally, State Street Corp lifted its stake in Quest Resource by 2.5% during the third quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 4,235 shares during the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

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.