Arq, Inc. (NASDAQ:ARQ) Receives $10.00 Average Price Target from Analysts

Shares of Arq, Inc. (NASDAQ:ARQ) have earned an average rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.00.

A number of research firms recently weighed in on ARQ. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of ARQ from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Canaccord Genuity Group upped their target price on ARQ from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Craig Hallum started coverage on ARQ in a report on Tuesday, July 15th. They set a “buy” rating and a $10.00 price target for the company. Finally, Fearnley Fonds raised ARQ to a “strong-buy” rating in a report on Friday, June 27th.

ARQ Stock Down 1.0%

Shares of ARQ stock opened at $7.00 on Friday. ARQ has a 1 year low of $3.34 and a 1 year high of $8.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.10 and a quick ratio of 0.65. The business has a 50-day moving average of $6.94 and a two-hundred day moving average of $5.46. The company has a market capitalization of $298.83 million, a P/E ratio of -175.00 and a beta of 1.92.

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

Hedge Funds Weigh In On ARQ

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in ARQ during the second quarter valued at approximately $25,000. Walleye Capital LLC acquired a new position in shares of ARQ during the 1st quarter worth $44,000. The Manufacturers Life Insurance Company lifted its position in shares of ARQ by 13.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after buying an additional 1,413 shares during the last quarter. Avanza Fonder AB raised its stake in ARQ by 84.6% during the first quarter. Avanza Fonder AB now owns 16,615 shares of the company’s stock worth $70,000 after acquiring an additional 7,615 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in ARQ during the second quarter worth about $93,000. 18.49% of the stock is owned by institutional investors.

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.