S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Quest Resource (NASDAQ:QRHC) Holding Corporation (QRHC) stock has reached a 52-week low, trading at $4.29, down significantly from its 52-week high of $10.85, as the company faces a tumultuous market environment. According to InvestingPro analysis, the company appears undervalued at current levels. This latest price point underscores a challenging period for the waste management and recycling services provider, which has seen a significant decline over the past year. The 1-year change data for QRHC reflects a substantial decrease of -38.87%, indicating a tough period for investors and the company alike. While the company operates with a significant debt burden, InvestingPro data shows that analysts expect net income growth this year, despite current cash flow challenges. This downturn in stock value mirrors broader economic trends and sector-specific headwinds that have impacted Quest Resource’s market performance. InvestingPro subscribers have access to 13 additional key insights about QRHC, including detailed financial health metrics and comprehensive analysis available in the Pro Research Report.
In other recent news, Quest Resource Holding Corporation has successfully completed a refinancing process aimed at reducing its long-term cost of capital. The company has entered into amended financing agreements with Monroe Capital (NASDAQ:MRCC) Management Advisors and PNC Bank. The refinancing includes a $54 million term loan with Monroe, extending the maturity date to June 2030 and reducing the interest rate by 100 to 200 basis points. Additionally, the agreement with PNC Bank increases the revolver commitment from $35 million to $45 million and lowers the interest rate by 25 basis points, with an extended maturity date to December 2029. This refinancing is expected to cut approximately $1 million in annual interest expenses for Quest Resource. The company has filed the details of these refinanced terms in a Current Report on Form 8-K with the U.S. Securities and Exchange Commission. Executives from Quest Resource expressed confidence in their business model and credit profile, attributing the favorable terms to strong lender confidence.
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