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

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

A number of equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th. Canaccord Genuity Group cut their price target on ARQ from $7.50 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th.

Get Our Latest Stock Report on ARQ

Institutional Trading of ARQ

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in ARQ by 156.0% during the 1st quarter. Bank of America Corp DE now owns 203,770 shares of the company’s stock worth $522,000 after purchasing an additional 124,166 shares during the period. Strs Ohio boosted its position in ARQ by 5,071.4% during the 1st quarter. Strs Ohio now owns 72,400 shares of the company’s stock worth $185,000 after purchasing an additional 71,000 shares during the period. Invesco Ltd. boosted its position in ARQ by 52.0% during the 4th quarter. Invesco Ltd. now owns 28,736 shares of the company’s stock worth $94,000 after purchasing an additional 9,832 shares during the period. XTX Topco Ltd purchased a new stake in ARQ during the 4th quarter worth $251,000. Finally, Oxford Asset Management LLP purchased a new stake in ARQ during the 4th quarter worth $45,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $2.77 on Wednesday. The business’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $2.99. The firm has a market capitalization of $118.92 million, a price-to-earnings ratio of -2.15 and a beta of 1.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 0.58. ARQ has a 12 month low of $1.54 and a 12 month high of $7.89.

ARQ (NASDAQ:ARQGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). ARQ had a negative return on equity of 2.67% and a negative net margin of 43.93%.The firm had revenue of $29.05 million for the quarter, compared to analyst estimates of $27.75 million. As a group, equities analysts forecast that ARQ will post 0.05 earnings per share for the current fiscal year.

ARQ Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for ARQ (NASDAQ:ARQ)

Receive News & Ratings for ARQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARQ and related companies with MarketBeat.com's FREE daily email newsletter.