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Zacks Investment Research analysts recently upgraded the rating of (NASDAQ: QRHC) Quest Resource to “Hold” from an earlier “Sell” rating in a report issued by the firm on Thursday, January 21st.

Zacks’ report mentions that the environmental resource management and recycling company is currently under a growing curve for the last six months. Their report suggests there is an increase in the global demand of these companies that helps improve recycling techniques for a varied number of products like batteries, electronics, motor oil, polythene and so on. 

Quest Resource (NASDAQ: QRHC) Detailed Stock Analysis

Quest Resource stocks traded at $2.56 this Thursday. The company’ current market capitalization stands at $39.50 million. It has a positive PE ratio of 64.02 along with a beta of 1.36 at the moment. The 12-monthly high to low ranges from $2.94 to $1.10. The 50SMA (50 Days Simple Moving Average) stands at $2.22 and its 200SMA stands at $1.92.

The quarterly earnings report for the previous quarter was released on the 16th of November. The earnings stood at $0.01 EPS as opposed to the general consensus of $0.03 proposed by analysts at Thomson Reuters. The company’s return on equity stands at 1.76% along with the net margin of 1.01%. The estimated income for the firm was marked at $22.96 million but it made $23.70 million for the quarter. The FY2021 EPS might stand at 0.06 according to analysts.

Several institutional investors and hedge funds have also been involved in buying and selling of NASDAQ: QRHC shares recently. Among the notable ones are Federated Hermes Inc., Wynnefield Capital Inc., Punch & Associates Investment Management Inc., Manatuck Hill Partners LLC, Skylands Capital LLC, among others. All these firms have recently increased their shareholdings in Quest Resource Holdings Company.