Questor Technology (CVE:QST) Shares Up 26.3% – Should You Buy?

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

Analysts Set New Price Targets

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

Questor Technology Trading Up 26.3%

The business has a 50 day simple moving average of C$0.47 and a 200-day simple moving average of C$0.48. The stock has a market capitalization of C$13.22 million, a price-to-earnings ratio of -8.00 and a beta of 0.51. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48.

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.