Questor Technology (CVE:QST) Trading Down 17.4% – Time to Sell?

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

Wall Street Analyst Weigh In

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

Questor Technology Stock Down 17.4%

The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65. The business has a 50-day simple moving average of C$0.55 and a 200-day simple moving average of C$0.48. The company has a market cap of C$10.46 million, a PE ratio of -12.67 and a beta of 0.74.

Questor Technology Company Profile

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.