Arq, Inc. (NASDAQ:ARQ) Receives $7.50 Average Price Target from Brokerages

Arq, Inc. (NASDAQ:ARQ) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.50.

ARQ has been the topic of a number of research analyst reports. Canaccord Genuity Group reduced their target price on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th.

ARQ Stock Up 0.8%

ARQ stock opened at $2.68 on Wednesday. ARQ has a fifty-two week low of $1.54 and a fifty-two week high of $7.89. The business’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $3.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.02. The company has a market capitalization of $115.05 million, a price-to-earnings ratio of -2.08 and a beta of 1.99.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). ARQ had a negative return on equity of 2.67% and a negative net margin of 43.93%.The firm had revenue of $29.05 million for the quarter, compared to the consensus estimate of $27.75 million. As a group, analysts forecast that ARQ will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of ARQ

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HRT Financial LP purchased a new stake in shares of ARQ in the 4th quarter worth approximately $37,000. Los Angeles Capital Management LLC purchased a new stake in shares of ARQ in the 4th quarter worth approximately $37,000. Oxford Asset Management LLP purchased a new stake in shares of ARQ in the 4th quarter worth approximately $45,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of ARQ in the 4th quarter worth approximately $47,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of ARQ by 13.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after buying an additional 1,413 shares during the last quarter. Hedge funds and other 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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.