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

Questor Technology Inc. (CVE:QST) fell 17.4% during trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.38. 120,108 shares traded hands during trading, an increase of 277% from the average session volume of 31,896 shares. The stock had previously closed at C$0.46.

Analyst Ratings Changes

A number of research analysts recently weighed in 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 increased their price target on 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 raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and lifted their price target for the company from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Up 18.6%

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 firm has a market capitalization of C$11.43 million, a P/E ratio of -13.83 and a beta of 0.74. The business has a 50 day moving average price of C$0.54 and a 200 day moving average price 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.