Quest Resource (NASDAQ:QRHC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Quest Resource (NASDAQ:QRHC) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

QRHC has been the subject of several other reports. Craig Hallum cut their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Northland Securities initiated coverage on shares of Quest Resource in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $12.50 price target for the company. Finally, Northland Capmk raised shares of Quest Resource to a “strong-buy” rating in a research note on Tuesday, September 17th.

Quest Resource Stock Up 1.8 %

Shares of NASDAQ:QRHC opened at $7.18 on Tuesday. Quest Resource has a 52-week low of $6.01 and a 52-week high of $10.85. The firm has a fifty day moving average of $7.99 and a 200 day moving average of $8.50. The firm has a market capitalization of $147.82 million, a PE ratio of -19.41, a price-to-earnings-growth ratio of 4.97 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.52 and a current ratio of 1.52.

Hedge Funds Weigh In On Quest Resource

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Quest Resource by 1.1% during the third quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock valued at $2,815,000 after buying an additional 3,731 shares during the period. BNP Paribas Financial Markets increased its position in shares of Quest Resource by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,850 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Quest Resource during the second quarter valued at about $34,000. State Street Corp increased its position in shares of Quest Resource by 2.5% during the third quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock valued at $1,399,000 after buying an additional 4,235 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Quest Resource by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock valued at $82,000 after buying an additional 5,795 shares during the period. 48.16% of the stock is owned by institutional investors.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.