Quest Resource Holding Co. (NASDAQ:QRHC – Get Rating)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.15 and traded as low as $6.50. Quest Resource shares last traded at $6.55, with a volume of 14,134 shares traded.
Analyst Upgrades and Downgrades
Separately, Craig Hallum boosted their target price on shares of Quest Resource to $13.00 in a research report on Thursday, November 17th.
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The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.97. The stock's 50-day simple moving average is $6.51 and its two-hundred day simple moving average is $7.14.
Insider Activity
In other news, insider Alan D. Allred sold 5,000 shares of the company's stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $6.51, for a total transaction of $32,550.00. Following the completion of the transaction, the insider now owns 370,103 shares of the company's stock, valued at $2,409,370.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Alan D. Allred sold 10,000 shares of the stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $6.46, for a total value of $64,600.00. Following the completion of the transaction, the insider now owns 375,103 shares of the company's stock, valued at $2,423,165.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan D. Allred sold 5,000 shares of the stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $6.51, for a total transaction of $32,550.00. Following the completion of the transaction, the insider now directly owns 370,103 shares of the company's stock, valued at approximately $2,409,370.53. The disclosure for this sale can be found here. 24.76% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Connors Investor Services Inc. raised its position in Quest Resource by 5.9% in the second quarter. Connors Investor Services Inc. now owns 36,136 shares of the business services provider's stock worth $148,000 after purchasing an additional 2,000 shares in the last quarter. State Street Corp grew its stake in Quest Resource by 14.2% during the first quarter. State Street Corp now owns 43,947 shares of the business services provider's stock worth $270,000 after buying an additional 5,462 shares during the last quarter. Royal Bank of Canada grew its stake in Quest Resource by 7.9% during the third quarter. Royal Bank of Canada now owns 28,600 shares of the business services provider's stock worth $241,000 after buying an additional 2,100 shares during the last quarter. Millennium Management LLC grew its stake in Quest Resource by 17.4% during the second quarter. Millennium Management LLC now owns 58,422 shares of the business services provider's stock worth $239,000 after buying an additional 8,672 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Quest Resource during the fourth quarter worth about $92,000. Institutional investors and hedge funds own 31.55% of the company's stock.
Quest Resource Company Profile
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Quest Resource Holding Corp. engages in the provision of reuse, recycling, and disposal services. It focuses on the waste streams and recyclables from big box, food chain, and other retailers, automotive repair, maintenance, and tire operations, truck and bus fleet operators, manufacturing plants, multi-family and commercial properties, and construction and demolition projects.
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