DCF Advisers LLC Buys Shares of 260,570 Arq, Inc. $ARQ

DCF Advisers LLC bought a new stake in shares of Arq, Inc. (NASDAQ:ARQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 260,570 shares of the company’s stock, valued at approximately $852,000.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP boosted its stake in shares of ARQ by 168.8% during the 3rd quarter. Royce & Associates LP now owns 1,373,444 shares of the company’s stock valued at $9,834,000 after buying an additional 862,525 shares during the period. Peapod Lane Capital LLC bought a new position in shares of ARQ during the 4th quarter valued at $747,000. CenterBook Partners LP bought a new position in shares of ARQ during the 3rd quarter valued at $1,653,000. First Eagle Investment Management LLC bought a new position in shares of ARQ during the 3rd quarter valued at $1,151,000. Finally, Worth Venture Partners LLC bought a new position in shares of ARQ during the 3rd quarter valued at $161,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ARQ shares. Canaccord Genuity Group cut their price target on shares of ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

ARQ Stock Down 0.7%

ARQ stock opened at $2.67 on Thursday. The company has a market capitalization of $114.62 million, a P/E ratio of -2.07 and a beta of 1.99. The firm’s fifty day simple moving average is $2.46 and its 200-day simple moving average is $3.01. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. Arq, Inc. has a 1-year low of $1.54 and a 1-year high of $7.89.

ARQ (NASDAQ:ARQ) last announced its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $29.05 million for the quarter, compared to the consensus estimate of $27.75 million. ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. Sell-side analysts forecast that Arq, Inc. will post 0.05 earnings per share for the current fiscal year.

ARQ Company Profile

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.