Quest Resource Holding Corporation. (QRHC) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 23. At the lunch break, shares of QRHC have jumped 3.81% to $2.23 after closing the day prior at $2.15. In the first two and a half hours of trading, the stock has gone as high as $2.23 and as low as $2.2. Today’s rise has come with about 2,933 shares changing hands, compared to an average 30-day volume of 23,191 for Quest Resource Holding Corporation.. The price is currently below the 30-day volume weighted average price of $2.21 for QRHC.
The share appreciation gives the company a market capitalization of $31.92 million based upon 14.84 million shares outstanding. It also means that QRHC has a price-to-book ratio of 0.46:1.
In the past 52 weeks, shares of QRHC have traded as low as $1.7128 and as high as $7.312. Technical traders will take note that at $2.23, shares of QRHC are trading below their 200-day MA at $3.71 and below their 50-day MA at $2.37. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is QRHC?
Quest Resource Holding Corporation provides one-stop management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by the client's business. The company’s 112 employees are led by CEO S. Ray Hatch from the corporate headquarters at 3481 Plano Parkway in The Colony, TX.
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