Questor Technology (CVE:QST) Trading Down 17.4% – What’s Next?

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Acumen Capital lifted their target price 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. Finally, ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their price target for the company from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Up 18.6%

The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48. The company has a market cap of C$11.43 million, a P/E ratio of -13.83 and a beta of 0.74. The stock has a 50-day moving average of C$0.54 and a 200 day moving average of C$0.48.

About Questor Technology

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.