Zacks Research Downgrades ARQ (NASDAQ:ARQ) to Strong Sell

ARQ (NASDAQ:ARQ) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on ARQ. Craig Hallum began coverage on shares of ARQ in a research report on Tuesday, July 15th. They set a “buy” rating and a $10.00 price target on the stock. Wall Street Zen cut ARQ from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group reduced their price target on ARQ from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.33.

ARQ Stock Performance

Shares of NASDAQ:ARQ opened at $3.47 on Monday. 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’s 50 day moving average price is $6.74 and its 200-day moving average price is $5.94. The firm has a market capitalization of $148.15 million, a PE ratio of -86.75 and a beta of 1.96. ARQ has a 1 year low of $3.34 and a 1 year high of $8.11.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $35.07 million during the quarter, compared to analyst estimates of $35.63 million. ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. As a group, equities research analysts expect that ARQ will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARQ

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new position in shares of ARQ in the 2nd quarter worth approximately $25,000. Walleye Capital LLC acquired a new stake in shares of ARQ in the first quarter valued at $44,000. The Manufacturers Life Insurance Company lifted 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 worth $63,000 after acquiring an additional 1,413 shares in the last quarter. AlphaQuest LLC purchased a new position in ARQ during the 3rd quarter valued at about $83,000. Finally, Jane Street Group LLC acquired a new position in ARQ in 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.