Questor Technology (CVE:QST) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Questor Technology Inc. (CVE:QST)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.27 and traded as high as C$0.28. Questor Technology shares last traded at C$0.24, with a volume of 4,400 shares changing hands.

Wall Street Analysts Forecast Growth

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

Questor Technology Price Performance

The company has a market cap of C$6.67 million, a price-to-earnings ratio of -3.12 and a beta of -0.09. The company has a fifty day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.32. 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 Activity at Questor Technology

In other Questor Technology news, Director Paul Huizinga acquired 100,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were purchased 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 in the company, valued at approximately C$34,800. The trade was a 500.00% increase in their ownership of the stock. In the last 90 days, insiders have bought 194,055 shares of company stock valued at $53,729. 19.19% of the stock is owned by 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.