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

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

Wall Street Analysts Forecast Growth

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

Questor Technology Stock Performance

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

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.