Zacks: Quest Resource Holding Corp (NASDAQ:QRHC) Given $3.50 Consensus Target Price by Analysts

Shares of Quest Resource Holding Corp (NASDAQ:QRHC) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $3.50 for the company and are expecting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Quest Resource an industry rank of 102 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research report on Tuesday.

Several large investors have recently modified their holdings of QRHC. Skylands Capital LLC bought a new stake in shares of Quest Resource in the second quarter worth $1,163,000. Renaissance Technologies LLC increased its stake in shares of Quest Resource by 3.5% in the second quarter. Renaissance Technologies LLC now owns 277,824 shares of the business services provider’s stock worth $770,000 after buying an additional 9,441 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of Quest Resource in the second quarter worth $38,000. Connors Investor Services Inc. bought a new stake in shares of Quest Resource in the second quarter worth $346,000. Finally, First Wilshire Securities Management Inc. bought a new stake in Quest Resource during the second quarter valued at $554,000. Institutional investors and hedge funds own 31.27% of the company’s stock.

Quest Resource stock remained flat at $$2.48 during trading on Friday. 16,549 shares of the company were exchanged, compared to its average volume of 23,480. Quest Resource has a 52-week low of $1.26 and a 52-week high of $3.10. The business’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.49. The stock has a market capitalization of $38.07 million, a price-to-earnings ratio of -20.67 and a beta of 1.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.07.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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