Quest Resource (QRHC) Given a $5.00 Price Target at HC Wainwright

HC Wainwright set a $5.00 price objective on Quest Resource (NASDAQ:QRHC) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the business services provider’s stock.

Separately, ValuEngine downgraded shares of Quest Resource from a sell rating to a strong sell rating in a research note on Wednesday, February 28th.

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Shares of NASDAQ QRHC opened at $1.87 on Tuesday. Quest Resource has a fifty-two week low of $1.03 and a fifty-two week high of $3.00. The company has a market cap of $28.92, a price-to-earnings ratio of -4.92, a price-to-earnings-growth ratio of 6.30 and a beta of 2.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Quest Resource (NASDAQ:QRHC) last announced its earnings results on Monday, April 2nd. The business services provider reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04). Quest Resource had a negative net margin of 3.47% and a negative return on equity of 8.57%. The business had revenue of $22.51 million for the quarter, compared to the consensus estimate of $31.90 million. sell-side analysts anticipate that Quest Resource will post 0.02 EPS for the current year.

A hedge fund recently raised its stake in Quest Resource stock. Renaissance Technologies LLC lifted its position in shares of Quest Resource Holding (NASDAQ:QRHC) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,851 shares of the business services provider’s stock after acquiring an additional 24,900 shares during the period. Renaissance Technologies LLC owned approximately 1.09% of Quest Resource worth $381,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.13% of the company’s stock.

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About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides management programs to 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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