Arq, Inc. (NASDAQ:ARQ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Arq, Inc. (NASDAQ:ARQ) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.00.

ARQ has been the subject of a number of research reports. Fearnley Fonds raised shares of ARQ to a “strong-buy” rating in a research report on Friday, June 27th. Canaccord Genuity Group raised their price objective on shares of ARQ from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a report on Saturday, September 27th. Craig Hallum assumed coverage on shares of ARQ in a report on Tuesday, July 15th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Wall Street Zen raised shares of ARQ from a “sell” rating to a “hold” rating in a report on Saturday, September 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in ARQ by 13.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after purchasing an additional 1,413 shares during the period. Nisa Investment Advisors LLC bought a new position in ARQ in the 2nd quarter valued at $25,000. Two Sigma Investments LP boosted its holdings in ARQ by 26.4% in the 4th quarter. Two Sigma Investments LP now owns 36,303 shares of the company’s stock valued at $275,000 after purchasing an additional 7,589 shares during the period. Avanza Fonder AB boosted its holdings in ARQ by 84.6% in the 1st quarter. Avanza Fonder AB now owns 16,615 shares of the company’s stock valued at $70,000 after purchasing an additional 7,615 shares during the period. Finally, Bank of America Corp DE boosted its holdings in ARQ by 35.0% in the 4th quarter. Bank of America Corp DE now owns 30,056 shares of the company’s stock valued at $228,000 after purchasing an additional 7,792 shares during the period. 18.49% of the stock is owned by institutional investors.

ARQ Stock Up 0.7%

ARQ stock opened at $7.07 on Friday. ARQ has a twelve month low of $3.34 and a twelve month high of $8.11. The firm has a 50 day moving average price of $6.99 and a 200-day moving average price of $5.48. The company has a market capitalization of $301.82 million, a P/E ratio of -176.75 and a beta of 1.92. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 0.04.

ARQ (NASDAQ:ARQ) last released its earnings results on Monday, August 11th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. The firm had revenue of $28.58 million during the quarter, compared to the consensus estimate of $25.56 million. As a group, equities analysts predict that ARQ will post -0.13 EPS for the current year.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.