Questor Technology (CVE:QST) Trading Down 17.4% – Time to Sell?

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QST. ATB Capital raised 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 report on Tuesday, September 2nd. Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 1st. Finally, Acumen Capital increased their target price on shares of Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. Two investment 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 presently has an average rating of “Moderate Buy” and an average price target of C$0.80.

Questor Technology Stock Performance

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 capitalization of C$10.46 million, a P/E ratio of -12.67 and a beta of 0.74. The business has a 50-day moving average of C$0.55 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.