Quest Resource (NASDAQ:QRHC) Stock Price Passes Above 50-Day Moving Average of $7.62

Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.62 and traded as high as $9.39. Quest Resource shares last traded at $9.16, with a volume of 108,138 shares changing hands.

Quest Resource Trading Down 3.5 %

The company has a market capitalization of $178.30 million, a P/E ratio of -25.71, a P/E/G ratio of 1.40 and a beta of 0.67. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.98. The firm's 50-day moving average price is $7.62 and its 200 day moving average price is $7.30.

Quest Resource (NASDAQ:QRHC - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $69.34 million during the quarter, compared to analysts' expectations of $74.10 million. Quest Resource had a positive return on equity of 4.99% and a negative net margin of 2.53%. As a group, equities research analysts predict that Quest Resource Holding Co. will post 0.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Wynnefield Partners Small Cap acquired 14,918 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $6.94 per share, for a total transaction of $103,530.92. Following the purchase, the insider now owns 1,294,093 shares in the company, valued at approximately $8,981,005.42. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 23.59% of the company's stock.

Hedge Funds Weigh In On Quest Resource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wynnefield Capital Inc. boosted its holdings in shares of Quest Resource by 4.2% in the fourth quarter. Wynnefield Capital Inc. now owns 2,703,773 shares of the business services provider's stock worth $19,819,000 after acquiring an additional 108,084 shares during the period. Balyasny Asset Management L.P. bought a new position in Quest Resource in the 4th quarter worth about $163,000. Privium Fund Management B.V. bought a new position in Quest Resource in the 4th quarter worth about $78,000. Dimensional Fund Advisors LP lifted its holdings in shares of Quest Resource by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 153,709 shares of the business services provider's stock worth $1,127,000 after buying an additional 8,488 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Quest Resource in the third quarter valued at approximately $77,000. Institutional investors own 48.16% of the company's stock.

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.