HC Wainwright Reiterates “$5.00” Price Target for Quest Resource Holding Corporation. (QRHC)

HC Wainwright set a $5.00 price objective on Quest Resource Holding Corporation. (NASDAQ:QRHC) in a report issued on Wednesday morning. The brokerage currently has a buy rating on the business services provider’s stock.

Quest Resource Holding Corporation. (NASDAQ:QRHC) traded down 2.61% on Wednesday, hitting $1.49. The stock had a trading volume of 3,856 shares. Quest Resource Holding Corporation. has a one year low of $1.36 and a one year high of $3.00. The stock has a 50-day moving average of $1.86 and a 200-day moving average of $2.32. The company’s market cap is $22.77 million.

Quest Resource Holding Corporation. (NASDAQ:QRHC) last announced its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The business had revenue of $41.37 million during the quarter, compared to analyst estimates of $44.47 million. Quest Resource Holding Corporation. had a negative return on equity of 10.38% and a negative net margin of 3.95%. Equities analysts expect that Quest Resource Holding Corporation. will post ($0.34) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Quest Resource Holding Corporation. stock. Renaissance Technologies LLC increased its stake in shares of Quest Resource Holding Corporation. (NASDAQ:QRHC) by 59.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,451 shares of the business services provider’s stock after buying an additional 24,400 shares during the period. Renaissance Technologies LLC owned approximately 0.43% of Quest Resource Holding Corporation. worth $160,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.85% of the company’s stock.

About Quest Resource Holding Corporation.

Quest Resource Holding Corporation (QRHC) provides businesses with one-stop management programs to reuse, recycle and dispose of a range of waste streams and recyclables generated by their businesses and operate social media and online data platforms that contain information and instructions to recycle or properly dispose of household products and materials.