Arq, Inc. (NASDAQ:ARQ – Get Free Report) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $7.50.
Several brokerages have recently commented on ARQ. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research report on Monday, April 20th. Wall Street Zen upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group lowered their price target on shares of ARQ from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th.
View Our Latest Stock Report on ARQ
ARQ Trading Down 0.4%
ARQ (NASDAQ:ARQ – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. The firm had revenue of $29.05 million during the quarter, compared to analysts’ expectations of $27.75 million. As a group, equities analysts anticipate that ARQ will post 0.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ARQ
Several institutional investors have recently modified their holdings of ARQ. The Manufacturers Life Insurance Company grew its holdings in ARQ by 13.7% during the second 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 during the period. Geode Capital Management LLC grew its holdings in ARQ by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock valued at $2,545,000 after purchasing an additional 3,505 shares during the period. Barclays PLC grew its holdings in ARQ by 12.0% during the fourth quarter. Barclays PLC now owns 49,829 shares of the company’s stock valued at $163,000 after purchasing an additional 5,319 shares during the period. State Street Corp grew its holdings in ARQ by 1.0% during the fourth quarter. State Street Corp now owns 561,888 shares of the company’s stock valued at $1,837,000 after purchasing an additional 5,413 shares during the period. Finally, Gabelli Funds LLC grew its holdings in ARQ by 17.9% during the third quarter. Gabelli Funds LLC now owns 50,000 shares of the company’s stock valued at $358,000 after purchasing an additional 7,600 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.
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.
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