Questor Technology (CVE:QST) Stock Price Up 26.3% – Here’s What Happened

Shares of Questor Technology Inc. (CVE:QST) shot up 26.3% on Tuesday . The company traded as high as C$0.48 and last traded at C$0.48. 163,000 shares were traded during mid-day trading, an increase of 424% from the average session volume of 31,102 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on QST shares. Atb Cap Markets upgraded shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, September 1st. Acumen Capital lifted their target price on Questor Technology from C$0.70 to C$0.75 and gave the stock a “hold” rating in a research note on Friday, August 29th. Finally, ATB Capital upgraded Questor Technology from a “sector perform” rating to a “speculative buy” rating and increased their price target for the stock from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Questor Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.80.

Questor Technology Stock Up 26.3%

The firm has a market cap of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51. The stock’s 50 day simple moving average is C$0.47 and its two-hundred day simple moving average is C$0.48. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.62 and a quick ratio of 5.48.

Questor Technology Company Profile

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.