Arq, Inc. (NASDAQ:ARQ) Given Average Rating of “Moderate Buy” by Brokerages

Arq, Inc. (NASDAQ:ARQ) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given 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 objective 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 research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, January 21st. Canaccord Genuity Group dropped their price objective on shares of ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, Zacks Research raised shares of ARQ from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th.

Institutional Trading of ARQ

Several hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in shares of ARQ during the fourth quarter worth about $37,000. HRT Financial LP acquired a new stake in ARQ in the 4th quarter valued at approximately $37,000. Oxford Asset Management LLP acquired a new stake in ARQ in the 4th quarter valued at approximately $45,000. Dynamic Technology Lab Private Ltd bought a new stake in ARQ in the 4th quarter valued at approximately $47,000. Finally, The Manufacturers Life Insurance Company lifted its stake 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 acquiring an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

ARQ Stock Performance

NASDAQ ARQ opened at $2.50 on Friday. ARQ has a one year low of $1.54 and a one year high of $7.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 0.66. The firm has a market cap of $107.12 million, a P/E ratio of -1.97 and a beta of 1.96. The stock’s 50-day moving average is $3.18 and its 200-day moving average is $4.44.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $29.43 million during the quarter, compared to analyst estimates of $28.59 million. ARQ had a negative net margin of 43.72% and a negative return on equity of 1.99%. Sell-side analysts anticipate that ARQ will post -0.13 earnings per share for the current fiscal 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.