Quest Resource (NASDAQ:QRHC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Quest Resource (NASDAQ:QRHCGet Rating) in a research note released on Tuesday. The firm issued a hold rating on the business services provider’s stock.

A number of other equities analysts also recently commented on QRHC. Roth Capital reissued a buy rating on shares of Quest Resource in a research note on Friday, March 18th. HC Wainwright reaffirmed a buy rating on shares of Quest Resource in a research report on Friday, March 18th.

Shares of NASDAQ:QRHC opened at $3.92 on Tuesday. The company has a market capitalization of $74.73 million, a price-to-earnings ratio of -43.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.38. Quest Resource has a 52 week low of $3.60 and a 52 week high of $8.30. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $4.90 and a 200 day moving average of $5.93.

Quest Resource (NASDAQ:QRHCGet Rating) last issued its quarterly earnings data on Monday, May 16th. The business services provider reported $0.06 EPS for the quarter. The company had revenue of $71.52 million during the quarter, compared to the consensus estimate of $61.20 million. Quest Resource had a negative net margin of 0.85% and a positive return on equity of 5.81%. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, sell-side analysts expect that Quest Resource will post 0.27 EPS for the current year.

In other news, major shareholder Wynnefield Partners Small Cap bought 44,887 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average cost of $4.90 per share, with a total value of $219,946.30. Following the transaction, the insider now directly owns 1,151,061 shares in the company, valued at $5,640,198.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Barry M. Kitt bought 38,559 shares of the business’s stock in a transaction that occurred on Tuesday, April 12th. The stock was purchased at an average cost of $5.60 per share, for a total transaction of $215,930.40. Following the completion of the transaction, the insider now owns 2,424,659 shares in the company, valued at $13,578,090.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 152,029 shares of company stock worth $783,534 and have sold 16,547 shares worth $76,739. Corporate insiders own 24.76% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QRHC. Renaissance Technologies LLC increased its position in shares of Quest Resource by 12.6% in the 3rd quarter. Renaissance Technologies LLC now owns 380,292 shares of the business services provider’s stock valued at $2,320,000 after acquiring an additional 42,600 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Quest Resource by 629.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 9,040 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 7,800 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Quest Resource in the fourth quarter valued at $1,611,000. Skylands Capital LLC boosted its holdings in Quest Resource by 25.2% in the fourth quarter. Skylands Capital LLC now owns 273,686 shares of the business services provider’s stock valued at $1,899,000 after purchasing an additional 55,036 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Quest Resource by 135.0% in the fourth quarter. First Eagle Investment Management LLC now owns 68,829 shares of the business services provider’s stock valued at $478,000 after purchasing an additional 39,539 shares during the last quarter. 41.89% of the stock is currently owned by hedge funds and other institutional investors.

About Quest Resource (Get Rating)

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. It offers 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.

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