Questor Technology (CVE:QST) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Questor Technology Inc. (CVE:QST) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.27 and traded as high as C$0.28. Questor Technology shares last traded at C$0.24, with a volume of 4,400 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on QST shares. Acumen Capital lowered their price objective on Questor Technology from C$0.75 to C$0.55 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets lowered shares of Questor Technology from a “speculative buy” rating to a “sector perform” rating and decreased their price target for the stock from C$0.60 to C$0.45 in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$0.50.

Questor Technology Price Performance

The firm has a 50-day moving average of C$0.27 and a 200-day moving average of C$0.32. The company has a debt-to-equity ratio of 4.09, a quick ratio of 5.47 and a current ratio of 3.01. The firm has a market capitalization of C$6.25 million, a P/E ratio of -2.92 and a beta of -0.09.

Insider Transactions at Questor Technology

In other Questor Technology news, Director Paul Huizinga acquired 100,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was purchased at an average price of C$0.29 per share, with a total value of C$29,000.00. Following the transaction, the director directly owned 120,000 shares in the company, valued at approximately C$34,800. The trade was a 500.00% increase in their position. Insiders have purchased 194,055 shares of company stock worth $53,729 in the last three months. Insiders own 19.19% of the company’s stock.

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. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.