DCF Advisers LLC Purchases New Position in Arq, Inc. $ARQ

DCF Advisers LLC purchased a new position in Arq, Inc. (NASDAQ:ARQ) in the second quarter, HoldingsChannel reports. The fund purchased 461,585 shares of the company’s stock, valued at approximately $1,177,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARQ. Royce & Associates LP boosted its position in ARQ by 6.2% during the 4th quarter. Royce & Associates LP now owns 1,458,444 shares of the company’s stock valued at $4,769,000 after acquiring an additional 85,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ARQ by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company’s stock worth $3,007,000 after acquiring an additional 62,988 shares during the period. Geode Capital Management LLC raised its position in shares of ARQ by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock worth $2,545,000 after acquiring an additional 3,505 shares in the last quarter. State Street Corp raised its position in shares of ARQ by 1.0% in the 4th quarter. State Street Corp now owns 561,888 shares of the company’s stock worth $1,837,000 after acquiring an additional 5,413 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of ARQ in the 3rd quarter valued at approximately $4,015,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

ARQ Trading Down 2.3%

NASDAQ:ARQ opened at $2.17 on Thursday. Arq, Inc. has a one year low of $1.54 and a one year high of $7.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 0.61. The company’s 50-day simple moving average is $2.28 and its 200 day simple moving average is $2.56. The firm has a market capitalization of $94.76 million, a P/E ratio of -1.72 and a beta of 2.02.

ARQ (NASDAQ:ARQ) last announced its earnings results on Monday, August 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). ARQ had a negative net margin of 42.33% and a negative return on equity of 2.54%. The business had revenue of $29.88 million for the quarter, compared to the consensus estimate of $28.57 million.

Analyst Upgrades and Downgrades

ARQ has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research report on Friday, July 17th. Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ARQ has a consensus rating of “Hold” and an average target price of $5.00.

ARQ 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.