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.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Quest Resource in a research report on Monday, August 8th. They set a "hold" rating on the stock.

Quest Resource Stock Up 0.4 %

Shares of QRHC traded up $0.02 during mid-day trading on Friday, hitting $4.74. 9,615 shares of the company traded hands, compared to its average volume of 16,615. The business has a 50 day moving average of $4.15 and a 200 day moving average of $5.37. The company has a market capitalization of $90.34 million, a PE ratio of -52.66, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. Quest Resource has a 1-year low of $3.60 and a 1-year high of $8.30. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.92.

Quest Resource (NASDAQ:QRHC - Get Rating) last issued its earnings results on Monday, May 16th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $71.52 million during the quarter, compared to the consensus estimate of $61.20 million. Quest Resource had a positive return on equity of 5.81% and a negative net margin of 0.85%. During the same period last year, the company earned $0.06 EPS. Equities research analysts anticipate that Quest Resource will post 0.27 EPS for the current year.

Insider Activity at Quest Resource

In other news, major shareholder Wynnefield Partners Small Cap bought 12,922 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was bought at an average cost of $4.40 per share, for a total transaction of $56,856.80. Following the acquisition, the insider now directly owns 1,181,550 shares of the company's stock, valued at approximately $5,198,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ronald L. Jr. Miller sold 12,991 shares of Quest Resource stock in a transaction dated 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 owns 975 shares in the company, valued at approximately $4,582.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Wynnefield Partners Small Cap bought 12,922 shares of the business's stock in a transaction dated Thursday, June 2nd. The shares were acquired at an average cost of $4.40 per share, for a total transaction of $56,856.80. Following the transaction, the insider now directly owns 1,181,550 shares in the company, valued at approximately $5,198,820. The disclosure for this purchase can be found here. In the last three months, insiders bought 40,447 shares of company stock worth $167,515 and sold 16,547 shares worth $76,739. 24.76% of the stock is currently owned by company insiders.