H.C. Wainwright Thinks Quest Resource’s Stock is Going to Recover

By Ryan Adsit

H.C. Wainwright analyst Amit Dayal assigned a Buy rating to Quest Resource (NASDAQ: QRHC) today and set a price target of $5. The company’s shares closed yesterday at $1.17, close to its 52-week low of $1.03.

According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -7.0% and a 33.3% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Revolution Lighting Technologies, Ascent Solar Technologies, and Ballard Power Systems.

Quest Resource has an analyst consensus of Moderate Buy, with a price target consensus of $5.

The company has a one-year high of $3 and a one-year low of $1.03. Currently, Quest Resource has an average volume of 37.97K.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QRHC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Quest Resource Holding Corp. engages in the provision of management programs on how to reuse, recycle and dispose a variety of waste streams and recyclables to businesses. Its services focus on the waste streams and recyclables from big box, food chain and other retailers; automotive and fleet providers; hospital and other healthcare facilities; and commercial, industrial, residential, and educational properties. The company was founded by Jeffrey I. Rassas on August 22, 2008 and is headquartered in The Colony, TX.