Quest Resource (NASDAQ:QRHC) Issues Quarterly Earnings Results

Quest Resource (NASDAQ:QRHC) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%.

Quest Resource Price Performance

Shares of NASDAQ:QRHC traded down $0.46 on Wednesday, hitting $3.85. The company’s stock had a trading volume of 112,659 shares, compared to its average volume of 63,086. Quest Resource has a 1 year low of $3.82 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $79.26 million, a PE ratio of -10.41, a PEG ratio of 0.76 and a beta of 0.66. The company has a 50-day simple moving average of $5.32 and a 200 day simple moving average of $6.87.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Quest Resource from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Quest Resource

An institutional investor recently raised its position in Quest Resource stock. Bank of America Corp DE grew its stake in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,356 shares of the business services provider’s stock after buying an additional 4,104 shares during the quarter. Bank of America Corp DE owned 0.07% of Quest Resource worth $100,000 at the end of the most recent quarter. 48.16% of the stock is owned by institutional investors.

About Quest Resource

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.