Quest Resource (NASDAQ:QRHC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Quest Resource (NASDAQ:QRHCGet Rating) in a research note published on Tuesday morning. The firm issued a hold rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Roth Capital restated a buy rating on shares of Quest Resource in a report on Friday, March 18th. HC Wainwright reaffirmed a buy rating on shares of Quest Resource in a research report on Friday, March 18th.

Shares of QRHC stock opened at $3.92 on Tuesday. The stock has a market capitalization of $74.73 million, a PE ratio of -43.55, a P/E/G ratio of 1.01 and a beta of 1.38. Quest Resource has a 1-year low of $3.60 and a 1-year high of $8.30. The business has a 50-day moving average of $4.90 and a 200 day moving average of $5.93. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.30 and a quick ratio of 1.30.

Quest Resource (NASDAQ:QRHCGet Rating) last issued its earnings results on Monday, May 16th. The business services provider reported $0.06 earnings per share for the quarter. The company had revenue of $71.52 million during the quarter, compared to analysts’ expectations of $61.20 million. Quest Resource had a positive return on equity of 5.81% and a negative net margin of 0.85%. During the same period in the prior year, the business posted $0.06 EPS. Analysts anticipate that Quest Resource will post 0.27 EPS for the current year.

In other news, Director Ronald L. Jr. Miller sold 12,991 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $4.70, for a total value of $61,057.70. Following the completion of the transaction, the director now owns 975 shares of the company’s stock, valued at approximately $4,582.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Barry M. Kitt bought 38,559 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The stock was purchased at an average cost of $5.60 per share, with a total value of $215,930.40. Following the transaction, the insider now directly owns 2,424,659 shares in the company, valued at approximately $13,578,090.40. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 152,029 shares of company stock valued at $783,534 and have sold 16,547 shares valued at $76,739. Corporate insiders own 24.76% of the company’s stock.

Several large investors have recently made changes to their positions in QRHC. Renaissance Technologies LLC raised its position in shares of Quest Resource by 12.6% in the 3rd quarter. Renaissance Technologies LLC now owns 380,292 shares of the business services provider’s stock worth $2,320,000 after acquiring an additional 42,600 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Quest Resource by 629.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 9,040 shares of the business services provider’s stock valued at $62,000 after buying an additional 7,800 shares in the last quarter. Victory Capital Management Inc. bought a new position in Quest Resource during the 4th quarter valued at approximately $1,611,000. Skylands Capital LLC increased its position in Quest Resource by 25.2% during the 4th quarter. Skylands Capital LLC now owns 273,686 shares of the business services provider’s stock valued at $1,899,000 after buying an additional 55,036 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Quest Resource by 135.0% during the 4th quarter. First Eagle Investment Management LLC now owns 68,829 shares of the business services provider’s stock valued at $478,000 after buying an additional 39,539 shares in the last quarter. 41.89% of the stock is owned by hedge funds and other institutional investors.

About Quest Resource (Get Rating)

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.

Recommended Stories

Receive News & Ratings for Quest Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quest Resource and related companies with MarketBeat.com's FREE daily email newsletter.