AltaCorp Captial Upgrades Questor Technology to Buy

By Austin Angelo

Today, an analyst has provided a rating update for the Conglomerates sector company, Questor Technology (TSXV: QST). AltaCorp Captial’s analyst Mark Westby upgraded QST to Buy , with a C$1 price target.

Westby has an average return of 55.5% when recommending Questor Technology.

According to TipRanks.com, Westby is ranked #176 out of 4572 analysts.

Questor Technology has an analyst consensus of Moderate Buy, with a price target consensus of C$1.

Based on Questor Technology’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of C$2.48 million and quarterly net profit of C$244.4K. In comparison, last year the company earned revenue of C$2.22 million and had a net profit of C$4,159.

Questor Technology, Inc. is an oilfield service company. The company manufactures and services high efficiency waste gas incinerator systems, provides combustion and burner-related oilfield services as well as power generation systems. Its proprietary incinerator technology is utilized worldwide in the management of H2S, VOCs and BTEX gases ensuring sustainable development, community acceptance and regulatory compliance. Its technology is applicable to other industries including landfills, water and sewage treatment, tire recycling and agriculture. Questor Technology was founded on December 15, 1994 and is headquartered in Calgary, Canada.

The company’s shares closed last Tuesday at $1.03.