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

Shares of Arq, Inc. (NASDAQ:ARQ) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.75.

Several equities analysts recently weighed in on ARQ shares. Canaccord Genuity Group set a $7.50 target price on shares of ARQ in a report on Thursday, January 15th. Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Wall Street Zen downgraded ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, January 21st.

ARQ Stock Up 6.2%

Shares of NASDAQ:ARQ opened at $3.76 on Thursday. The stock has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $5.35. The stock has a market capitalization of $160.51 million, a P/E ratio of -37.60 and a beta of 1.97. ARQ has a 1 year low of $3.18 and a 1 year high of $7.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 1.10.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). ARQ had a negative net margin of 3.33% and a negative return on equity of 1.11%. Equities analysts forecast that ARQ will post -0.13 earnings per share for the current year.

Insider Activity at ARQ

In other news, CEO Robert E. Rasmus acquired 50,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $3.79 per share, for a total transaction of $189,500.00. Following the completion of the purchase, the chief executive officer directly owned 70,718 shares of the company’s stock, valued at approximately $268,021.22. This trade represents a 241.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Campbell-Breeden bought 28,638 shares of ARQ stock in a transaction dated Tuesday, November 11th. The shares were purchased at an average cost of $3.54 per share, for a total transaction of $101,378.52. Following the completion of the transaction, the director owned 254,786 shares of the company’s stock, valued at approximately $901,942.44. This represents a 12.66% increase in their position. The SEC filing for this purchase provides additional information. 23.89% of the stock is owned by company insiders.

Institutional Trading of ARQ

Several large investors have recently modified their holdings of ARQ. Nisa Investment Advisors LLC purchased a new stake in shares of ARQ during the second quarter worth about $25,000. The Manufacturers Life Insurance Company grew 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 valued at $63,000 after purchasing an additional 1,413 shares in the last quarter. AlphaQuest LLC purchased a new stake in ARQ during the 3rd quarter worth approximately $83,000. Algert Global LLC acquired a new position in shares of ARQ in the 3rd quarter valued at approximately $84,000. Finally, Jane Street Group LLC purchased a new position in shares of ARQ during the 2nd quarter valued at approximately $93,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About ARQ

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.