Questor Technology (CVE:QST) Shares Up 26.3% – Here’s What Happened

Questor Technology Inc. (CVE:QST)’s share price traded up 26.3% during trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.48. 163,000 shares traded hands during trading, an increase of 424% from the average session volume of 31,102 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

QST has been the topic of a number of recent research reports. ATB Capital upgraded Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their target price for the company from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. 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 research note on Friday, August 29th. 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Performance

The firm has a 50-day moving average of C$0.47 and a two-hundred day moving average of C$0.48. The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65. The company has a market capitalization of C$13.49 million, a PE ratio of -8.17 and a beta of 0.51.

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.