Quest Resource (QRHC) Stock Forecast, Price & News

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. It offers 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. The company provides santifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. In addition, it offers landfill diversion services. The company's services focus on the waste streams and recyclables from big box, grocers, and other retailers; automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and internal fleet operators; manufacturing plants; multi-family and commercial properties; restaurant chains and food operations; and construction and demolition projects. It markets its services to automotive, manufacturing, hospitality and retail, construction and demolition, and commercial and multi-family property management industries through direct sales force and strategic partnerships. The company was formerly known as Infinity Resources Holdings Corp. and changed its name to Quest Resource Holding Corporation in October 2013. Quest Resource Holding Corporation was incorporated in 2002 and is based in The Colony, Texas.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Quest Resource in a report on Sunday, July 31st. They set a "hold" rating on the stock.

Quest Resource Stock Performance

Shares of NASDAQ:QRHC traded up $0.12 during midday trading on Friday, hitting $4.72. 13,256 shares of the stock traded hands, compared to its average volume of 17,703. The firm has a 50-day moving average of $4.12 and a two-hundred day moving average of $5.42. The firm has a market capitalization of $89.96 million, a P/E ratio of -52.44, a PEG ratio of 1.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.30 and a current ratio of 1.30. Quest Resource has a one year low of $3.60 and a one year high of $8.30.

Quest Resource (NASDAQ:QRHC - Get Rating) last released its quarterly earnings results on Monday, May 16th. The business services provider reported $0.06 earnings per share for the quarter. Quest Resource had a positive return on equity of 5.81% and a negative net margin of 0.85%. The firm had revenue of $71.52 million for the quarter, compared to analysts' expectations of $61.20 million. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities analysts forecast that Quest Resource will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Wynnefield Partners Small Cap bought 12,922 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average cost of $4.40 per share, with a total value of $56,856.80. Following the acquisition, the insider now owns 1,181,550 shares in the company, valued at $5,198,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Wynnefield Partners Small Cap bought 12,922 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average cost of $4.40 per share, with a total value of $56,856.80. Following the acquisition, the insider now owns 1,181,550 shares in the company, valued at $5,198,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald L. Jr. Miller sold 12,991 shares of the firm's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $4.70, for a total value of $61,057.70. Following the completion of the transaction, the director now directly owns 975 shares in the company, valued at $4,582.50. The disclosure for this sale can be found here. In the last three months, insiders have purchased 86,582 shares of company stock valued at $393,652 and have sold 16,547 shares valued at $76,739. 24.76% of the stock is owned by insiders.