Questor Technology (CVE:QST) Trading Up 18.4% – Here’s Why

Shares of Questor Technology Inc. (CVE:QST) were up 18.4% on Tuesday . The stock traded as high as C$0.48 and last traded at C$0.45. Approximately 163,000 shares traded hands during mid-day trading, an increase of 432% from the average daily volume of 30,655 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QST shares. Acumen Capital lifted their target price on shares of Questor Technology from C$0.70 to C$0.75 and gave the company a “hold” rating in a report on Friday, August 29th. Atb Cap Markets upgraded shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Finally, ATB Capital raised shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and upped their target price for the company from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Trading Up 26.3%

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 company’s fifty day moving average price is C$0.48 and its two-hundred day moving average price is C$0.48. The firm has a market cap of C$13.22 million, a PE ratio of -8.00 and a beta of 0.51.

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.