Questor Technology (CVE:QST) Trading Up 26.3% – Time to Buy?

Questor Technology Inc. (CVE:QST) shot up 26.3% during mid-day trading on Tuesday . The stock traded as high as C$0.48 and last traded at C$0.48. 163,000 shares changed hands during mid-day trading, an increase of 424% from the average session volume of 31,102 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

A number of brokerages have commented on QST. 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. Acumen Capital lifted their price objective on shares of Questor Technology from C$0.70 to C$0.75 and gave the company 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 target price for the stock from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$0.80.

Questor Technology Stock Up 26.3%

The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51. The stock’s 50-day simple moving average is C$0.48 and its 200-day simple moving average is C$0.48.

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.