ARQ (NASDAQ:ARQ) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of ARQ (NASDAQ:ARQ) from a hold rating to a sell rating in a report released on Saturday morning.

ARQ has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a report on Wednesday, October 8th. Canaccord Genuity Group decreased their target price on shares of ARQ from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday. Finally, Craig Hallum assumed coverage on shares of ARQ in a research report on Tuesday, July 15th. They issued a “buy” rating and a $10.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.33.

ARQ Stock Performance

Shares of NASDAQ:ARQ opened at $3.85 on Friday. ARQ has a 12-month low of $3.34 and a 12-month high of $8.11. The company’s 50 day moving average price is $6.90 and its two-hundred day moving average price is $5.93. The firm has a market cap of $164.36 million, a PE ratio of -96.25 and a beta of 1.96. 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 quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $35.07 million during the quarter, compared to analyst estimates of $35.63 million. ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. Equities research analysts predict that ARQ will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARQ. The Manufacturers Life Insurance Company boosted its position in ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after buying an additional 1,413 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of ARQ in the 2nd quarter valued at $25,000. Bank of New York Mellon Corp boosted its holdings in shares of ARQ by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company’s stock valued at $581,000 after acquiring an additional 7,897 shares in the last quarter. American Century Companies Inc. grew its position in ARQ by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 61,364 shares of the company’s stock worth $330,000 after acquiring an additional 8,722 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in ARQ by 27.8% during the 1st quarter. Gabelli Funds LLC now owns 41,400 shares of the company’s stock worth $173,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors own 18.49% of the company’s stock.

About ARQ

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.