Questor Technology (CVE:QST) Stock Price Down 17.4% – Here’s Why

Questor Technology Inc. (CVE:QST)’s share price dropped 17.4% on Wednesday . The company traded as low as C$0.37 and last traded at C$0.38. Approximately 120,108 shares traded hands during mid-day trading, an increase of 277% from the average daily volume of 31,896 shares. The stock had previously closed at C$0.46.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QST shares. Acumen Capital increased their price objective on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their price objective for the company from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Finally, Atb Cap Markets upgraded shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Questor Technology has an average rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Trading Down 17.4%

The stock has a market capitalization of C$10.46 million, a P/E ratio of -12.67 and a beta of 0.74. The stock’s fifty day moving average price is C$0.55 and its two-hundred day moving average price is C$0.48. The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65.

Questor Technology Company Profile

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.