Quest Resource Holding Co. (NASDAQ: QRHC – Get a rating) COO David P. Sweitzer sold 4,316 shares of the company in a trade that took place on Thursday, August 25. The stock was sold at an average price of $6.89, for a total value of $29,737.24. Following the completion of the sale, the COO now owns 8,511 shares of the company, valued at $58,640.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website.
Quest Resource Price Performance
Shares of NASDAQ QRHC traded down $0.43 during Thursday’s trading, hitting $6.50. The company had a trading volume of 104,097 shares, compared to an average volume of 46,781. The company has a market capitalization of $124.26 million, a P/E ratio of -92.86, a PEG ratio of 1 .18 and a beta of 1.31. Quest Resource Holding Co. has a 52-week low of $3.60 and a 52-week high of $8.30. The company’s 50-day moving average is $4.49 and its 200-day moving average is $5.38. The company has a debt ratio of 0.91, a quick ratio of 1.38 and a current ratio of 1.38.
Quest Resource (NASDAQ:QRHC – Get a rating) last released its quarterly results on Monday, August 15. The business services provider reported earnings per share (EPS) of $0.19 for the quarter, beating the consensus estimate of $0.05 by $0.14. The company posted revenue of $76.91 million for the quarter, compared to analysts’ expectations of $72.63 million. Quest Resource posted a positive return on equity of 10.36% and a negative net margin of 0.51%. Equity research analysts expect Quest Resource Holding Co. to post earnings per share of 0.39 for the current fiscal year.
Quest Resource Institutional Trading
Several large investors have recently increased or reduced their stake in the company. Connors Investor Services Inc. increased its stake in Quest Resource by 5.9% during the second quarter. Connors Investor Services Inc. now owns 36,136 shares of the business services provider valued at $148,000 after purchasing an additional 2,000 shares during the period. Millennium Management LLC increased its stake in Quest Resource by 17.4% during the 2nd quarter. Millennium Management LLC now owns 58,422 shares of the business services provider valued at $239,000 after purchasing an additional 8,672 shares during the period. Skylands Capital LLC increased its stake in Quest Resource by 4.4% during the 2nd quarter. Skylands Capital LLC now owns 311,835 shares of the business services provider valued at $1,275,000 after purchasing an additional 13,162 shares during the period. Wynnefield Capital Inc. increased its stake in Quest Resource by 2.7% during the 1st quarter. Wynnefield Capital Inc. now owns 2,363,763 shares of the business services provider valued at $14,537,000 after purchasing an additional 62,000 shares during the period. Finally, State Street Corp increased its stake in Quest Resource by 14.2% during the 1st quarter. State Street Corp now owns 43,947 shares of the business services provider valued at $270,000 after purchasing an additional 5,462 shares during the period. 41.89% of the shares are held by institutional investors and hedge funds.
Wall Street analysts predict growth
Separately, StockNews.com began coverage of Quest Resource in a report on Wednesday. They issued a “hold” rating on the stock.
About the Quest Resource
Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling and disposal of various waste streams and recyclable materials in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, used tires, oily water, destruction of goods, food scraps, rendered meat, waste cooking oil and grease traps, plastics, cardboard, metal, glass, mixed paper, construction debris, and a wide variety of regulated and unregulated solid, liquid and gaseous wastes.
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