Quest Resource (NASDAQ:QRHC) Stock Crosses Above 50 Day Moving Average of $7.62

Shares of Quest Resource Holding Co. (NASDAQ:QRHC) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.62 and traded as high as $9.39. Quest Resource shares last traded at $9.16, with a volume of 108,138 shares.

Quest Resource Stock Up 1.5 %

The stock’s 50 day simple moving average is $7.70 and its two-hundred day simple moving average is $7.33. The firm has a market cap of $180.92 million, a P/E ratio of -25.63, a P/E/G ratio of 1.42 and a beta of 0.67. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.35 and a quick ratio of 1.35.

Quest Resource (NASDAQ:QRHC) last announced its earnings results on Tuesday, March 12th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Quest Resource had a negative net margin of 2.53% and a positive return on equity of 4.99%. The business had revenue of $69.34 million for the quarter, compared to the consensus estimate of $74.10 million. As a group, research analysts forecast that Quest Resource Holding Co. will post 0.43 earnings per share for the current year.

Insider Buying and Selling at Quest Resource

In other Quest Resource news, major shareholder Wynnefield Partners Small Cap bought 14,918 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $6.94 per share, with a total value of $103,530.92. Following the completion of the purchase, the insider now owns 1,294,093 shares of the company’s stock, valued at $8,981,005.42. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Quest Resource

Several institutional investors and hedge funds have recently made changes to their positions in QRHC. Geode Capital Management LLC boosted its holdings in Quest Resource by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 114,985 shares of the business services provider’s stock worth $702,000 after purchasing an additional 1,419 shares during the last quarter. Royal Bank of Canada boosted its holdings in Quest Resource by 7.9% in the third quarter. Royal Bank of Canada now owns 28,600 shares of the business services provider’s stock worth $241,000 after purchasing an additional 2,100 shares during the last quarter. BlackRock Inc. boosted its holdings in Quest Resource by 9.6% in the second quarter. BlackRock Inc. now owns 53,893 shares of the business services provider’s stock worth $351,000 after purchasing an additional 4,727 shares during the last quarter. Barclays PLC purchased a new stake in Quest Resource in the third quarter worth approximately $39,000. Finally, State Street Corp boosted its holdings in Quest Resource by 14.2% in the first quarter. State Street Corp now owns 43,947 shares of the business services provider’s stock worth $270,000 after purchasing an additional 5,462 shares during the last quarter. Institutional investors own 48.16% of the company’s stock.

About Quest Resource

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. The company provides 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.