Analysts Set Arq, Inc. (NASDAQ:ARQ) Price Target at $7.50

Shares of Arq, Inc. (NASDAQ:ARQ) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.50.

ARQ has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, January 21st. Canaccord Genuity Group reduced their price target on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Finally, Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th.

ARQ Stock Performance

ARQ stock opened at $2.56 on Friday. ARQ has a one year low of $1.54 and a one year high of $7.89. The firm has a market cap of $109.70 million, a price-to-earnings ratio of -2.02 and a beta of 1.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.04. The firm has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $4.31.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $29.43 million during the quarter, compared to analysts’ expectations of $28.59 million. ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%. On average, equities analysts forecast that ARQ will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On ARQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in ARQ in the fourth quarter worth about $37,000. HRT Financial LP acquired a new position in shares of ARQ during the fourth quarter valued at about $37,000. AlphaQuest LLC purchased a new position in shares of ARQ in the 3rd quarter valued at approximately $83,000. Algert Global LLC purchased a new position in shares of ARQ in the 3rd quarter valued at approximately $84,000. Finally, The Manufacturers Life Insurance Company boosted its stake in ARQ by 13.7% in the 2nd 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 in the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

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.