Questor Technology (CVE:QST) Stock Passes Below 50 Day Moving Average – Here’s Why

Questor Technology Inc. (CVE:QST)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.31 and traded as low as C$0.29. Questor Technology shares last traded at C$0.29, with a volume of 5,000 shares.

Wall Street Analyst Weigh In

QST has been the topic of a number of recent analyst reports. Acumen Capital cut their price objective on 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. ATB Cormark Capital Markets downgraded Questor Technology from a “speculative buy” rating to a “sector perform” rating and decreased their price objective for the company from C$0.60 to C$0.45 in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Questor Technology presently has a consensus rating of “Hold” and an average price target of C$0.50.

Questor Technology Price Performance

The stock has a market cap of C$7.92 million, a P/E ratio of -3.70 and a beta of -0.07. The company has a debt-to-equity ratio of 4.09, a quick ratio of 5.48 and a current ratio of 3.01. The business has a 50 day simple moving average of C$0.31 and a 200-day simple moving average of C$0.36.

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.