Questar Assessment, Inc. (QUSA) provides consulting services to states, school districts, and textbook publishers. It offers test design and development, and psychometric services through its custom assessment units. The company designs, develops, calibrates, publishes, markets, and sells educational reading assessment tests to elementary and secondary schools, colleges, and universities in the United States and Canada. It provides test printing, distribution, scanning, scoring, and reporting services to states, schools, and districts, as well as to third parties. QUSA also offers online testing services to schools and educational entities in the K-12 market and customized assessment engines for curriculum providers. In addition, it provides proprietary assessment products and related services, and custom test products and related services. The company’s proprietary assessment products include the degrees of reading power tests and the MAC II, which is an English language assessment and evaluation program. Its custom test products and related services include test development, state standard setting, curriculum evaluation, psychometric consultation, field testing, and evaluation services. The company markets its assessment products and services through its staff and direct mail campaigns to elementary school, secondary school, and college markets. Touchstone Applied Science was founded by Andrew L. Simon. The company was incorporated in 1976 and is headquartered in Brewster, New York. Touchstone Applied Science Associates acquired Questar on May 31, 2006. Touchstone Applied Science Associates (TASA) was renamed to Questar Assessment, Inc. (QUSA) on March 22, 2007.
Dutton Associates has a 12 month price target of $6.75. http://www.jmdutton.com/research/tasa/reports/tasa_report_092706.pdf
Dutton increased their price target to $8 on January 23, 2007 after their old target was exceeded. Here is the research note:
Here is the 3/16/2007 update: http://www.jmdutton.com/research/tasa/notes/tasa_note_031907.pdf