Questor Technology (CVE:QST) Sets New 52-Week Low – Time to Sell?

Questor Technology Inc. (CVE:QST)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$0.26 and last traded at C$0.25, with a volume of 13170 shares traded. The stock had previously closed at C$0.24.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QST shares. ATB Cormark Capital Markets cut shares of Questor Technology from a “speculative buy” rating to a “sector perform” rating and reduced their target price for the company from C$0.60 to C$0.45 in a research note on Wednesday, April 22nd. Acumen Capital dropped their price target on shares of Questor Technology from C$0.75 to C$0.55 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$0.50.

Questor Technology Stock Up 4.2%

The business has a 50-day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.31. The company has a market cap of C$6.94 million, a price-to-earnings ratio of -3.25 and a beta of -0.09. The company has a quick ratio of 5.47, a current ratio of 3.01 and a debt-to-equity ratio of 4.09.

Insider Buying and Selling at Questor Technology

In related news, Director Paul Huizinga acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of C$0.29 per share, with a total value of C$29,000.00. Following the purchase, the director owned 120,000 shares of the company’s stock, valued at approximately C$34,800. The trade was a 500.00% increase in their ownership of the stock. Over the last quarter, insiders purchased 194,055 shares of company stock valued at $53,729. 19.19% of the stock is currently owned by company insiders.

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. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.