Quest Resource (NASDAQ:QRHC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Quest Resource Holding Corporation. (NASDAQ:QRHC) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.78 and traded as low as $1.59. Quest Resource shares last traded at $1.80, with a volume of 27,442 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Quest Resource to a “hold” rating in a report on Saturday, January 10th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.25.

Quest Resource Stock Performance

The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average of $2.01 and a 200 day moving average of $1.78. The stock has a market capitalization of $37.57 million, a P/E ratio of -1.62 and a beta of 0.16.

Hedge Funds Weigh In On Quest Resource

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Quest Resource by 36.5% during the fourth quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after buying an additional 4,104 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Quest Resource in the 2nd quarter worth approximately $50,000. Jane Street Group LLC grew its position in Quest Resource by 91.4% during the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after acquiring an additional 13,004 shares during the last quarter. Greenhaven Road Investment Management L.P. grew its position in Quest Resource by 137.2% during the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock worth $48,000 after acquiring an additional 17,801 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Quest Resource by 22.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 9,647 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

Quest Resource Company Profile

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.