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

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QST. Acumen Capital raised their price target on shares of Questor Technology from C$0.70 to C$0.75 and gave the company a “hold” rating in a research report on Friday, August 29th. ATB Capital upgraded Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their target price for the company from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Finally, Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, September 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Questor Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Price Performance

The stock has a market cap of C$10.46 million, a PE ratio of -12.67 and a beta of 0.74. The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62. The business has a 50 day moving average price of C$0.55 and a two-hundred 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.