Analysts Set Arq, Inc. (NASDAQ:ARQ) Price Target at $7.50

Shares of Arq, Inc. (NASDAQ:ARQ) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7.50.

Several brokerages have recently commented on ARQ. Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Monday, April 20th. Finally, Canaccord Genuity Group reduced their target price on ARQ from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th.

ARQ Stock Performance

Shares of ARQ stock opened at $2.68 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $2.47 and a two-hundred day moving average price of $3.00. ARQ has a 1-year low of $1.54 and a 1-year high of $7.89. The company has a market cap of $115.05 million, a P/E ratio of -2.08 and a beta of 1.99.

ARQ (NASDAQ:ARQ) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $29.05 million during 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%. As a group, analysts anticipate that ARQ will post 0.05 EPS for the current year.

Institutional Trading of ARQ

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in ARQ by 9.7% during the 2nd quarter. Geode Capital Management LLC now owns 766,025 shares of the company’s stock valued at $4,114,000 after purchasing an additional 67,430 shares during the last quarter. Rhumbline Advisers boosted its stake in ARQ by 65.7% during the 2nd quarter. Rhumbline Advisers now owns 44,607 shares of the company’s stock valued at $240,000 after purchasing an additional 17,688 shares during the last quarter. American Century Companies Inc. boosted its stake in ARQ by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 61,364 shares of the company’s stock valued at $330,000 after purchasing an additional 8,722 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in ARQ by 13.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in ARQ during the 2nd quarter valued at about $93,000. 18.49% of the stock is currently 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. 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.