Quest Resource (NASDAQ:QRHC) Issues Earnings Results

Quest Resource (NASDAQ:QRHC) issued its quarterly earnings data on Monday. The business services provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 Stock Performance

NASDAQ QRHC traded down $0.02 on Monday, hitting $2.47. The stock had a trading volume of 136,075 shares, compared to its average volume of 72,947. Quest Resource has a one year low of $1.91 and a one year high of $10.48. 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 stock has a market cap of $50.90 million, a price-to-earnings ratio of -6.68, a P/E/G ratio of 0.76 and a beta of 0.55. The company’s 50-day moving average is $2.75 and its two-hundred day moving average is $5.02.

Insiders Place Their Bets

In other news, CEO Perry W. Moss bought 16,338 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $3.01 per share, for a total transaction of $49,177.38. Following the transaction, the chief executive officer now owns 257,933 shares in the company, valued at approximately $776,378.33. This trade represents a 6.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 23,912 shares of company stock worth $71,046. Insiders own 22.84% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Quest Resource stock. Bank of America Corp DE grew its position in Quest Resource Holding Co. (NASDAQ:QRHC) by 36.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,356 shares of the business services provider’s stock after purchasing an additional 4,104 shares during the period. Bank of America Corp DE owned approximately 0.07% of Quest Resource worth $100,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QRHC. Northland Securities set a $6.50 target price on shares of Quest Resource in a research note 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.

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.