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

Shares of Questor Technology Inc. (CVE:QST) 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 were traded 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their target price for the stock from C$0.45 to C$0.85 in a research report on Tuesday, September 2nd. Acumen Capital boosted their price target 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. Finally, Atb Cap Markets raised shares of 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Questor Technology currently has a consensus rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Up 18.6%

The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of C$11.43 million, a P/E ratio of -13.83 and a beta of 0.74. The business has a 50-day moving average price of C$0.54 and a 200 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.