Questor Technology (CVE:QST) Stock Price Up 26.3% – Still a Buy?

Shares of Questor Technology Inc. (CVE:QST) traded up 26.3% during mid-day trading on Wednesday . The stock traded as high as C$0.48 and last traded at C$0.48. 163,000 shares traded hands 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. ATB Capital raised Questor Technology from a “sector perform” rating to a “speculative buy” rating and raised their price objective for the company from C$0.45 to C$0.85 in a research note on Tuesday, September 2nd. Atb Cap Markets raised shares of Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Finally, 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 note on Friday, August 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$0.80.

Questor Technology Stock Performance

The business’s 50-day moving average price is C$0.47 and its 200-day moving average price is C$0.48. The company has a current ratio of 2.62, a quick ratio of 5.48 and a debt-to-equity ratio of 2.65. The stock has a market cap of C$13.22 million, a PE ratio of -8.00 and a beta of 0.51.

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.