Perritt Capital Management Inc. cut its position in shares of Quest Resource Holding Corp (NASDAQ:QRHC) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,000 shares of the business services provider’s stock after selling 27,500 shares during the quarter. Perritt Capital Management Inc. owned about 2.28% of Quest Resource worth $970,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in QRHC. Deutsche Bank AG raised its holdings in shares of Quest Resource by 124.3% in the 4th quarter. Deutsche Bank AG now owns 20,185 shares of the business services provider’s stock worth $27,000 after purchasing an additional 11,185 shares during the period. Renaissance Technologies LLC raised its holdings in Quest Resource by 3.5% in the second quarter. Renaissance Technologies LLC now owns 277,824 shares of the business services provider’s stock valued at $770,000 after buying an additional 9,441 shares during the period. Finally, Skylands Capital LLC purchased a new position in Quest Resource in the second quarter valued at approximately $1,163,000. Institutional investors own 33.07% of the company’s stock.
NASDAQ:QRHC traded up $0.05 during mid-day trading on Wednesday, hitting $2.49. The company had a trading volume of 839 shares, compared to its average volume of 25,844. The business has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.24. The firm has a market capitalization of $37.76 million, a price-to-earnings ratio of -20.67 and a beta of 1.45. Quest Resource Holding Corp has a 1 year low of $1.26 and a 1 year high of $3.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08.
QRHC has been the subject of several research reports. ValuEngine downgraded shares of Quest Resource from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Quest Resource in a research note on Thursday, May 16th.
Quest Resource Company Profile
Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the 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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