Questor Technology (CVE:QST) Shares Down 17.4% – Here’s Why

Questor Technology Inc. (CVE:QST) shares were down 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 changed hands during trading, an increase of 277% from the average daily volume of 31,896 shares. The stock had previously closed at C$0.46.

Analyst Ratings Changes

A number of analysts recently commented on QST shares. Atb Cap Markets raised Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Acumen Capital raised 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 research report on Friday, August 29th. Finally, ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and lifted their target price for the company from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Stock Up 18.6%

The company has a market capitalization of C$11.43 million, a P/E ratio of -13.83 and a beta of 0.74. The company has a 50-day moving average of C$0.54 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.

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.