Quest Resource (NASDAQ:QRHC) Shares Pass Above Fifty Day Moving Average of $7.85

Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.85 and traded as high as $9.04. Quest Resource shares last traded at $9.03, with a volume of 41,113 shares traded.

Quest Resource Stock Performance

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.98. The firm's 50-day moving average is $7.90 and its two-hundred day moving average is $7.38. The stock has a market cap of $189.20 million, a price-to-earnings ratio of -26.80, a P/E/G ratio of 1.36 and a beta of 0.67.

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

Insider Activity at Quest Resource

In other Quest Resource news, major shareholder Wynnefield Partners Small Cap acquired 14,918 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $6.94 per share, with a total value of $103,530.92. Following the purchase, the insider now owns 1,294,093 shares in the company, valued at $8,981,005.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 23.59% of the stock is owned by corporate insiders.

Institutional Trading of Quest Resource

Hedge funds have recently made changes to their positions in the company. Barclays PLC acquired a new position in shares of Quest Resource in the 3rd quarter worth approximately $39,000. Quadrature Capital Ltd acquired a new position in shares of Quest Resource in the 3rd quarter worth approximately $77,000. Wynnefield Capital Inc. lifted its holdings in shares of Quest Resource by 1.0% in the 3rd quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider's stock worth $19,208,000 after acquiring an additional 24,955 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Quest Resource in the 3rd quarter worth approximately $283,000. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Quest Resource by 19.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider's stock worth $2,713,000 after acquiring an additional 60,396 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company's stock.

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.