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

Shares of Arq, Inc. (NASDAQ:ARQ) have been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.50.

Several research firms have weighed in on ARQ. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Monday, April 20th. Wall Street Zen raised ARQ from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group dropped their price target on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of 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 buying an additional 1,413 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of ARQ by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock valued at $2,545,000 after buying an additional 3,505 shares during the last quarter. Barclays PLC lifted its position in shares of ARQ by 12.0% during the 4th quarter. Barclays PLC now owns 49,829 shares of the company’s stock valued at $163,000 after buying an additional 5,319 shares during the last quarter. State Street Corp lifted its position in shares of ARQ by 1.0% during the 4th quarter. State Street Corp now owns 561,888 shares of the company’s stock valued at $1,837,000 after buying an additional 5,413 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of ARQ by 17.9% during the 3rd quarter. Gabelli Funds LLC now owns 50,000 shares of the company’s stock valued at $358,000 after buying an additional 7,600 shares during the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

ARQ Stock Up 1.5%

ARQ stock opened at $2.69 on Wednesday. The stock’s fifty day simple moving average is $2.46 and its two-hundred day simple moving average is $3.02. 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. The stock has a market cap of $115.48 million, a P/E ratio of -2.09 and a beta of 1.99.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). ARQ had a negative return on equity of 2.67% and a negative net margin of 43.93%.The business had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $27.75 million. Analysts expect that ARQ will post 0.05 EPS for the current year.

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.