Questor Technology (CVE:QST) Share Price Passes Above 50-Day Moving Average – Here’s Why

Questor Technology Inc. (CVE:QST) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.27 and traded as high as C$0.28. Questor Technology shares last traded at C$0.24, with a volume of 4,400 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Acumen Capital reduced their price objective on Questor Technology from C$0.75 to C$0.55 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets cut shares of Questor Technology from a “speculative buy” rating to a “sector perform” rating and cut their target price for the company from C$0.60 to C$0.45 in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Questor Technology has an average rating of “Hold” and a consensus target price of C$0.50.

Questor Technology Stock Performance

The company has a debt-to-equity ratio of 4.09, a quick ratio of 5.47 and a current ratio of 3.01. The stock’s 50-day simple moving average is C$0.27 and its 200 day simple moving average is C$0.32. The company has a market cap of C$6.67 million, a PE ratio of -3.12 and a beta of -0.09.

Insider Buying and Selling

In other Questor Technology news, Director Paul Huizinga acquired 100,000 shares of the stock in a transaction on Monday, July 13th. The shares were bought at an average price of C$0.29 per share, with a total value of C$29,000.00. Following the acquisition, the director owned 120,000 shares of the company’s stock, valued at C$34,800. This trade represents a 500.00% increase in their ownership of the stock. Insiders have bought a total of 194,055 shares of company stock valued at $53,729 in the last three months. 19.19% of the stock is owned by company insiders.

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. The company was formerly known as Interglobe Gas Technology Inc and changed its name to Questor Technology Inc in September 1995.