Notable Runner: Quest Resource Holding Corporation (NASDAQ: QRHC)

On 24 Jan 2020, Quest Resource Holding Corporation (NASDAQ: QRHC) spotted trading -19.03% off 52-week high price. On the other end, the stock has been noted 74.31% away from the low price over the last 52-weeks. The stock changed -1.18% to recent value of $2.51. The stock transacted 9609 shares during most recent day however it has an average volume of 34.55K shares.

Quest Resource Holding Corporation (QRHC) recently reported financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Highlights

Revenue was $23.9M, a 7.7% decrease contrast with the third quarter of 2018.

Gross profit was $4.8M, a 6.7% increase contrast with the third quarter of 2018.

Gross margin increased 270 basis points to 19.9% contrast with 17.2% of revenue for the third quarter of 2018.

Net income per share was $0.00, an improvement contrast with a net loss per share of $(0.04) during the third quarter of 2018.

Adjusted EBITDA was $860,000, a 27.5% increase contrast with the third quarter of 2018.

September 30, 2019 Year-to-Date Highlights

Revenue was $76.0M, a 3.2% decrease contrast with the same period of 2018.

Gross profit was $14.1M, a 13.0% increase contrast with the same period of 2018.

Gross margin increased 270 basis points to 18.5% contrast with 15.8% of revenue for the same period of 2018.

Net loss per share improved to $(0.01), including $248,000, or $0.02 per share, of expenses related to our April 2019 equity offering by selling shareholders, contrast to $(0.17) during the same period of 2018.

Year-to-date Adjusted EBITDA was $2.5M, a 58.2% increase contrast to the same period of 2018.

Its earnings per share (EPS) expected to touch remained 58.20% for this year while earning per share for the next 5-years is expected to reach at 15.00%. QRHC has a gross margin of 18.20% and an operating margin of 0.50% while its profit margin remained 0.00% for the last 12 months. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.78% from the mean of 20 days, 5.51% from mean of 50 days SMA and performed 4.50% from mean of 200 days price. Company’s performance for the week was 0.40%, 9.13% for month and YTD performance remained 15.14%.

 

Leave a Reply

Your email address will not be published. Required fields are marked *