Arq, Inc. (NASDAQ:ARQ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Arq, Inc. (NASDAQ:ARQ) has received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.75.

A number of equities research analysts recently weighed in on ARQ shares. Wall Street Zen lowered ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Canaccord Genuity Group set a $7.50 price target on ARQ in a research note on Thursday, January 15th. Zacks Research raised ARQ from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Wednesday, January 21st.

Hedge Funds Weigh In On ARQ

Several large investors have recently modified their holdings of ARQ. Marex Group plc bought a new stake in shares of ARQ in the second quarter worth $1,737,000. CenterBook Partners LP bought a new position in ARQ during the 3rd quarter worth $1,653,000. Gratia Capital LLC lifted its holdings in ARQ by 23.7% during the 2nd quarter. Gratia Capital LLC now owns 857,962 shares of the company’s stock worth $4,607,000 after buying an additional 164,310 shares during the period. Squarepoint Ops LLC lifted its holdings in ARQ by 529.6% during the 3rd quarter. Squarepoint Ops LLC now owns 166,422 shares of the company’s stock worth $1,192,000 after buying an additional 139,988 shares during the period. Finally, UBS Group AG grew its position in shares of ARQ by 606.8% in the 3rd quarter. UBS Group AG now owns 167,283 shares of the company’s stock valued at $1,198,000 after buying an additional 143,615 shares during the last quarter. Institutional investors own 18.49% of the company’s stock.

ARQ Stock Down 3.0%

Shares of NASDAQ:ARQ opened at $3.51 on Monday. The company has a fifty day moving average of $3.55 and a 200-day moving average of $5.05. The company has a market capitalization of $149.84 million, a PE ratio of -35.10 and a beta of 1.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 1.10. ARQ has a 52-week low of $3.18 and a 52-week high of $7.89.

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.