Questor Technology (CVE:QST) Stock Price Up 26.3% – Here’s Why

Questor Technology Inc. (CVE:QST) shares were up 26.3% on Wednesday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares traded hands during mid-day trading, an increase of 424% from the average daily volume of 31,102 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

Several analysts have recently commented on QST shares. ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their price objective for the company 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 research note on Monday, September 1st. Finally, Acumen Capital boosted their price target on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Questor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Price Performance

The firm has a market cap of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51. The firm’s fifty day simple moving average is C$0.47 and its 200 day simple moving average is C$0.48. The company has a debt-to-equity ratio of 2.65, a quick ratio of 5.48 and a current ratio of 2.62.

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.