Analysts Set Arq, Inc. (NASDAQ:ARQ) Price Target at $9.00

Shares of Arq, Inc. (NASDAQ:ARQ) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.00.

Several equities analysts have commented on ARQ shares. Zacks Research cut ARQ from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of ARQ from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Canaccord Genuity Group lowered their price target on shares of ARQ from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 7th.

Insider Activity

In other ARQ news, CEO Robert E. Rasmus purchased 50,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was purchased 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 in the company, valued at approximately $268,021.22. This trade represents a 241.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Campbell-Breeden acquired 28,638 shares of the stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of $3.54 per share, for a total transaction of $101,378.52. Following the completion of the purchase, the director owned 254,786 shares in the company, valued at approximately $901,942.44. This trade represents a 12.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 23.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in shares of ARQ during the second quarter worth approximately $25,000. Walleye Capital LLC acquired a new stake in ARQ during the 1st quarter valued at $44,000. AlphaQuest LLC bought a new position in ARQ in the 3rd quarter valued at $83,000. Algert Global LLC acquired a new position in ARQ in the third quarter worth $84,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of ARQ by 13.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after purchasing an additional 1,413 shares during the last quarter. 18.49% of the stock is owned by institutional investors.

ARQ Price Performance

Shares of ARQ stock opened at $3.51 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.10 and a quick ratio of 0.65. The company has a market cap of $149.86 million, a PE ratio of -87.75 and a beta of 1.96. The firm has a fifty day moving average price of $6.09 and a two-hundred day moving average price of $5.92. ARQ has a fifty-two week low of $3.27 and a fifty-two week high of $8.07.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. Analysts expect that ARQ will post -0.13 EPS for the current year.

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.