Questor Technology (CVE:QST) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Questor Technology Inc. (CVE:QST) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.38 and traded as low as C$0.37. Questor Technology shares last traded at C$0.37, with a volume of 18,500 shares traded.

Wall Street Analysts Forecast Growth

Separately, ATB Capital reduced their price target on shares of Questor Technology from C$0.65 to C$0.60 and set a “sector perform” rating for the company in a research note on Friday, August 16th.

Questor Technology Stock Down 2.6 %

The company has a debt-to-equity ratio of 4.81, a quick ratio of 5.48 and a current ratio of 3.18. The company has a market cap of C$10.23 million, a P/E ratio of -1.76 and a beta of 1.59. The stock has a 50 day moving average price of C$0.38 and a 200 day moving average price of C$0.49.

Questor Technology (CVE:QST) last issued its quarterly earnings results on Thursday, August 15th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). Questor Technology had a negative net margin of 121.01% and a negative return on equity of 22.33%. The business had revenue of C$0.87 million during the quarter, compared to analyst estimates of C$2.00 million. Research analysts expect that Questor Technology Inc. will post 0.0249827 earnings per share for the current fiscal year.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.