Quest Resource (NASDAQ:QRHC) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Quest Resource (NASDAQ:QRHC - Get Free Report) announced its earnings results on Monday. The business services provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.09), Zacks reports. Quest Resource had a positive return on equity of 3.11% and a negative net margin of 2.74%.

Quest Resource Price Performance

Shares of QRHC traded down $0.02 during mid-day trading on Monday, reaching $2.47. 136,075 shares of the company's stock were exchanged, compared to its average volume of 72,947. 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 company has a 50-day simple moving average of $2.75 and a two-hundred day simple moving average of $5.02. Quest Resource has a 52-week low of $1.91 and a 52-week high of $10.48. The company has a market cap of $50.90 million, a price-to-earnings ratio of -6.68, a PEG ratio of 0.76 and a beta of 0.55.

Insider Transactions at Quest Resource

In other news, CEO Perry W. Moss bought 16,338 shares of the stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $3.01 per share, with a total value of $49,177.38. Following the purchase, the chief executive officer now owns 257,933 shares of the company's stock, valued at approximately $776,378.33. The trade was a 6.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders acquired a total of 23,912 shares of company stock valued at $71,046 in the last ninety days. Corporate insiders own 22.84% of the company's stock.

Institutional Trading of Quest Resource

A hedge fund recently raised its stake in Quest Resource stock. Bank of America Corp DE raised its stake in Quest Resource Holding Co. (NASDAQ:QRHC - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,356 shares of the business services provider's stock after purchasing an additional 4,104 shares during the quarter. Bank of America Corp DE owned about 0.07% of Quest Resource worth $100,000 at the end of the most recent quarter. Institutional investors own 48.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Northland Securities set a $6.50 price objective on shares of Quest Resource in a research report on Thursday, March 13th. StockNews.com downgraded shares of Quest Resource from a "hold" rating to a "sell" rating in a research report on Thursday, March 13th.

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.

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