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

Arq, Inc. (NASDAQ:ARQ) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.50.

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

Institutional Trading of ARQ

A number of large investors have recently made changes to their positions in ARQ. HRT Financial LP bought a new stake in shares of ARQ in the 4th quarter valued at $37,000. Los Angeles Capital Management LLC bought a new stake in shares of ARQ in the 4th quarter valued at $37,000. Oxford Asset Management LLP bought a new stake in shares of ARQ in the 4th quarter valued at $45,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of ARQ in the 4th quarter valued at $47,000. Finally, The Manufacturers Life Insurance Company increased its position 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 valued at $63,000 after buying an additional 1,413 shares in the last quarter. Institutional investors own 18.49% of the company’s stock.

ARQ Stock Performance

ARQ stock opened at $2.62 on Friday. The business’s fifty day moving average is $2.35 and its 200-day moving average is $3.31. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The company has a market cap of $112.48 million, a P/E ratio of -2.03 and a beta of 1.92. ARQ has a twelve month low of $1.54 and a twelve month high of $7.89.

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