Quest Resource (NASDAQ:QRHC) Issues Quarterly Earnings Results

Quest Resource (NASDAQ:QRHC) released its earnings results on Wednesday. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), Zacks reports. The business had revenue of $69.97 million for the quarter, compared to the consensus estimate of $73.63 million. Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%.

Quest Resource Stock Performance

Shares of QRHC stock opened at $3.85 on Thursday. The firm has a market capitalization of $79.26 million, a price-to-earnings ratio of -10.41, a price-to-earnings-growth ratio of 0.76 and a beta of 0.66. 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 business has a fifty day moving average of $5.27 and a 200 day moving average of $6.85. Quest Resource has a 1 year low of $3.81 and a 1 year high of $10.85.

Hedge Funds Weigh In On Quest Resource

A hedge fund recently raised its stake in Quest Resource stock. Bank of America Corp DE boosted its stake in shares of Quest Resource Holding Co. (NASDAQ:QRHC) by 36.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,356 shares of the business services provider’s stock after purchasing an additional 4,104 shares during the period. Bank of America Corp DE owned approximately 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.

Wall Street Analyst Weigh In

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

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.