Quest Resource (NASDAQ:QRHC) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, "Quest Resource Holding Corporation is an environmental consulting and management company. It offers programs for recycling motor oil, oil filters, scrap tires, grease and cooking oil, expired food products, glass, cardboards, paper, metals, plastic oil bottles, hazardous materials, high density polyethylene plastics, organics, construction debris, batteries, mercury, lights, regulated medical waste, electronics, parts cleaners, used absorbents and solid waste; industrial cleaning services; landfill diversion services; equipment and installation services; environmental certification services and sustainability programs. The company serves fleet, manufacturing, hospital, retailer and commercial property industries as well as universities. Quest Resource Holding Corporation is based in Frisco, Texas. "
Shares of QRHC stock opened at $3.24 on Tuesday. The company has a market cap of $50.00 million, a price-to-earnings ratio of 81.02, a PEG ratio of 1.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a fifty day moving average price of $2.78 and a 200-day moving average price of $2.17. Quest Resource has a 1 year low of $1.10 and a 1 year high of $3.60.
A number of institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. boosted its holdings in Quest Resource by 38.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,525,000 shares of the business services provider's stock worth $4,798,000 after buying an additional 700,000 shares during the period. Wynnefield Capital Inc. boosted its holdings in Quest Resource by 17.6% in the 3rd quarter. Wynnefield Capital Inc. now owns 1,903,595 shares of the business services provider's stock worth $3,617,000 after buying an additional 285,000 shares during the period. Skylands Capital LLC boosted its holdings in Quest Resource by 9.1% in the 3rd quarter. Skylands Capital LLC now owns 533,200 shares of the business services provider's stock worth $1,013,000 after buying an additional 44,546 shares during the period. Manatuck Hill Partners LLC boosted its holdings in shares of Quest Resource by 25.0% during the 3rd quarter. Manatuck Hill Partners LLC now owns 424,600 shares of the business services provider's stock valued at $807,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Quest Resource by 20.2% during the 4th quarter. Renaissance Technologies LLC now owns 373,987 shares of the business services provider's stock valued at $864,000 after purchasing an additional 62,795 shares during the last quarter. 43.69% of the stock is owned by institutional investors.
About Quest Resource
Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for used motor oil, oil filters, scrap tires, solid waste, metals, grease, cooking oil, food waste, and expired food products.
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7 Penny Stocks That Don’t Care About Robinhood
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