Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) Director Glenn Culpepper acquired 2,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $5.85 per share, for a total transaction of $11,700.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at $35,100. The trade was a 50.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Quest Resource Price Performance
Quest Resource stock opened at $6.20 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. Quest Resource Holding Co. has a one year low of $5.80 and a one year high of $10.85. The firm has a market capitalization of $127.65 million, a P/E ratio of -16.76, a PEG ratio of 4.97 and a beta of 0.62. The business has a fifty day moving average price of $7.19 and a 200-day moving average price of $8.05.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Northland Securities initiated coverage on Quest Resource in a research report on Tuesday, September 17th. They set an "outperform" rating and a $12.50 price target on the stock. Northland Capmk raised shares of Quest Resource to a "strong-buy" rating in a report on Tuesday, September 17th. Finally, StockNews.com upgraded shares of Quest Resource from a "sell" rating to a "hold" rating in a research note on Tuesday, November 19th.
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Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in 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 acquiring an additional 3,731 shares in the last quarter. Needham Investment Management LLC purchased a new position in shares of Quest Resource during the 3rd quarter valued at $2,793,000. State Street Corp raised its position in shares of Quest Resource by 2.5% in the third quarter. State Street Corp now owns 175,345 shares of the business services provider's stock worth $1,399,000 after buying an additional 4,235 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Quest Resource by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 168,717 shares of the business services provider's stock valued at $1,484,000 after buying an additional 7,945 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Quest Resource during the second quarter worth about $406,000. Hedge funds and other institutional investors own 48.16% of the company's stock.
About Quest Resource
(
Get Free Report)
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.
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