Arq, Inc. (NASDAQ:ARQ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Arq, Inc. (NASDAQ:ARQ) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.50.

A number of equities analysts have issued reports on ARQ shares. Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group lowered their target price on ARQ from $7.50 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th.

ARQ Price Performance

ARQ stock opened at $2.62 on Friday. The stock has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $3.31. The stock has a market cap of $112.48 million, a PE ratio of -2.03 and a beta of 1.92. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. ARQ has a 1 year low of $1.54 and a 1 year high of $7.89.

ARQ (NASDAQ:ARQ) last released its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $29.05 million during the quarter, compared to analysts’ expectations of $27.75 million. ARQ had a negative return on equity of 2.67% and a negative net margin of 43.93%. Equities analysts forecast that ARQ will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On ARQ

A number of large investors have recently added to or reduced their stakes in ARQ. Royce & Associates LP increased its holdings in ARQ by 168.8% during the 3rd quarter. Royce & Associates LP now owns 1,373,444 shares of the company’s stock worth $9,834,000 after purchasing an additional 862,525 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of ARQ in the 3rd quarter valued at about $4,015,000. Marshall Wace LLP bought a new position in shares of ARQ in the 4th quarter valued at about $1,453,000. Renaissance Technologies LLC grew its holdings in shares of ARQ by 485.8% in the 4th quarter. Renaissance Technologies LLC now owns 412,299 shares of the company’s stock valued at $1,348,000 after acquiring an additional 341,918 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of ARQ in the 4th quarter valued at about $980,000. Institutional investors own 18.49% of the company’s stock.

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.