Quest Resource Holding Corp (NASDAQ:QRHC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $3.75 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Quest Resource an industry rank of 170 out of 255 based on the ratings given to its competitors.

QRHC has been the topic of several recent analyst reports. ValuEngine raised shares of Quest Resource from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Quest Resource in a research note on Friday, March 22nd. Finally, Roth Capital reissued a “buy” rating on shares of Quest Resource in a research note on Monday.

In related news, insider Mitchell A. Saltz sold 3,700,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $1.74, for a total value of $6,438,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey D. Forte sold 500,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $1.50, for a total transaction of $750,000.00. The disclosure for this sale can be found here. Company insiders own 48.06% of the company’s stock.

A number of hedge funds have recently bought and sold shares of QRHC. Deutsche Bank AG increased its stake in 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 buying an additional 11,185 shares during the period. Essex Investment Management Co. LLC grew its holdings in Quest Resource by 120.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 131,453 shares of the business services provider’s stock worth $179,000 after acquiring an additional 71,835 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Quest Resource by 18.8% during the 3rd quarter. Renaissance Technologies LLC now owns 226,370 shares of the business services provider’s stock worth $580,000 after acquiring an additional 35,760 shares in the last quarter. 13.93% of the stock is currently owned by institutional investors.

Shares of QRHC traded up $0.04 during midday trading on Friday, hitting $1.91. The stock had a trading volume of 12,742 shares, compared to its average volume of 17,312. Quest Resource has a 1 year low of $1.26 and a 1 year high of $3.10. The company has a market cap of $29.28 million, a P/E ratio of -15.92, a P/E/G ratio of 8.67 and a beta of 2.07. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

Quest Resource (NASDAQ:QRHC) last announced its earnings results on Thursday, March 14th. The business services provider reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Quest Resource had a negative net margin of 2.35% and a negative return on equity of 3.02%. The business had revenue of $25.26 million for the quarter, compared to the consensus estimate of $26.74 million. Analysts predict that Quest Resource will post 0.01 earnings per share for the current fiscal year.

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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