ARQ (NASDAQ:ARQ) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of ARQ (NASDAQ:ARQ) from a hold rating to a strong sell rating in a research report released on Monday morning,Zacks.com reports.

ARQ has been the topic of a number of other research reports. Wall Street Zen cut shares of ARQ from a “hold” rating to a “sell” rating in a report on Saturday. Canaccord Genuity Group lowered their target price on ARQ from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a report on Wednesday, October 8th. Finally, Craig Hallum assumed coverage on ARQ in a research report on Tuesday, July 15th. They set a “buy” rating and a $10.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ARQ presently has a consensus rating of “Moderate Buy” and an average target price of $9.33.

ARQ Price Performance

ARQ opened at $3.47 on Monday. The company has a market capitalization of $148.15 million, a P/E ratio of -86.75 and a beta of 1.96. The company has a 50-day moving average of $6.74 and a 200-day moving average of $5.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10. ARQ has a 1-year low of $3.34 and a 1-year high of $8.11.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $35.07 million during the quarter, compared to analyst estimates of $35.63 million. ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. Equities analysts expect that ARQ will post -0.13 EPS for the current fiscal year.

Institutional Trading of ARQ

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of ARQ in the second quarter valued at $25,000. Walleye Capital LLC acquired a new stake in ARQ in the 1st quarter valued at about $44,000. AlphaQuest LLC acquired a new stake in ARQ in the 3rd quarter valued at about $83,000. The Manufacturers Life Insurance Company boosted 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 purchasing an additional 1,413 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in shares of ARQ in the 3rd quarter worth approximately $96,000. 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.