ARQ (NASDAQ:ARQ) Cut to Sell at Wall Street Zen

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

Several other analysts have also commented on the company. Fearnley Fonds raised ARQ to a “strong-buy” rating in a 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 research note on Thursday, August 7th. Finally, Craig Hallum started coverage on shares of ARQ in a report on Tuesday, July 15th. They set a “buy” rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ARQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

ARQ Stock Performance

NASDAQ:ARQ opened at $7.19 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10. ARQ has a fifty-two week low of $3.34 and a fifty-two week high of $8.11. The firm has a market capitalization of $306.94 million, a PE ratio of -179.75 and a beta of 1.78. The stock’s fifty day moving average is $5.76 and its 200 day moving average is $5.02.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. The business had revenue of $28.58 million for the quarter, compared to the consensus estimate of $25.56 million. On average, sell-side analysts anticipate that ARQ will post -0.13 earnings per share for the current year.

Insider Activity

In other news, CEO Robert E. Rasmus acquired 25,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $4.10 per share, for a total transaction of $102,500.00. Following the acquisition, the chief executive officer directly owned 480,782 shares in the company, valued at approximately $1,971,206.20. This represents a 5.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeremy Blank bought 50,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $4.10 per share, for a total transaction of $205,000.00. Following the purchase, the director owned 374,955 shares in the company, valued at approximately $1,537,315.50. This trade represents a 15.39% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 150,000 shares of company stock valued at $615,000 and sold 10,167 shares valued at $52,868. Company insiders own 23.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Gratia Capital LLC lifted its stake in ARQ by 23.7% during the second quarter. Gratia Capital LLC now owns 857,962 shares of the company’s stock valued at $4,607,000 after purchasing an additional 164,310 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ARQ by 9.7% during the second quarter. Geode Capital Management LLC now owns 766,025 shares of the company’s stock valued at $4,114,000 after buying an additional 67,430 shares in the last quarter. Invesco Ltd. raised its position in ARQ by 3,981.1% during the fourth quarter. Invesco Ltd. now owns 708,324 shares of the company’s stock valued at $5,362,000 after buying an additional 690,968 shares during the period. Wellington Management Group LLP grew its stake in ARQ by 568.9% during the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company’s stock valued at $2,922,000 after acquiring an additional 595,855 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in ARQ by 65.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company’s stock worth $3,401,000 after buying an additional 177,550 shares in the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

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.