ARQ (NASDAQ:ARQ) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Shares of Arq, Inc. (NASDAQ:ARQ) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.00 and traded as high as $2.5599. ARQ shares last traded at $2.40, with a volume of 11,296,895 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.00.

ARQ Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $2.00 and a 200 day moving average price of $2.46. The company has a market capitalization of $104.81 million, a P/E ratio of -2.03 and a beta of 2.12.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, November 4th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. ARQ had a negative return on equity of 0.85% and a negative net margin of 38.79%. The business had revenue of $38.21 million for the quarter, compared to analyst estimates of $35.23 million.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently modified their holdings of the stock. AXQ Capital LP bought a new position in shares of ARQ in the second quarter valued at about $30,000. Ieq Capital LLC acquired a new stake in shares of ARQ during the 2nd quarter worth about $98,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ARQ during the 2nd quarter worth about $108,000. Man Group plc bought a new stake in shares of ARQ during the 2nd quarter worth about $150,000. Finally, Strs Ohio boosted its holdings in shares of ARQ by 5,071.4% during the 1st quarter. Strs Ohio now owns 72,400 shares of the company’s stock worth $185,000 after buying an additional 71,000 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About ARQ

Arq, Inc (NASDAQ: ARQ) is a technology and materials company focused on converting coal waste and other carbon-rich materials into higher-value carbon products. The company’s processing technology is designed to recover and refine carbon from previously discarded coal fines and similar feedstocks.

Arq’s product portfolio includes activated carbon and other specialty carbon materials used in applications such as water purification, air emissions control, industrial processes and energy-related markets.