Arq, Inc. (NASDAQ:ARQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Arq, Inc. (NASDAQ:ARQ) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.00.

A number of equities analysts have recently commented on ARQ shares. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, October 8th. Wall Street Zen raised shares of ARQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Craig Hallum assumed coverage on shares of ARQ in a research note on Tuesday, July 15th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Canaccord Genuity Group raised their price objective on shares of ARQ from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th.

ARQ Trading Down 0.7%

NASDAQ:ARQ opened at $6.94 on Tuesday. ARQ has a 12 month low of $3.34 and a 12 month high of $8.11. The firm has a market cap of $296.27 million, a price-to-earnings ratio of -173.50 and a beta of 1.92. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $7.14 and its 200-day moving average is $5.78.

ARQ (NASDAQ:ARQ) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.01) 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 analyst estimates of $25.56 million. Equities analysts anticipate that ARQ will post -0.13 EPS for the current year.

Institutional Investors Weigh In On ARQ

Several hedge funds and other institutional investors have recently modified their holdings of ARQ. Nisa Investment Advisors LLC acquired a new stake in shares of ARQ in the second quarter worth $25,000. Walleye Capital LLC acquired a new stake in shares of ARQ in the first quarter worth $44,000. The Manufacturers Life Insurance Company grew its stake in shares of ARQ by 13.7% in the second 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of ARQ in the second quarter worth $93,000. Finally, Gabelli Funds LLC grew its stake in shares of ARQ by 27.8% in the first quarter. Gabelli Funds LLC now owns 41,400 shares of the company’s stock worth $173,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors and hedge funds 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.