ARQ (NASDAQ:ARQ) Shares Up 1.8% – Still a Buy?

Arq, Inc. (NASDAQ:ARQ)’s share price rose 1.8% during trading on Thursday . The company traded as high as $2.25 and last traded at $2.25. 116,386 shares were traded during trading, a decline of 76% from the average daily volume of 481,599 shares. The stock had previously closed at $2.21.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

ARQ Stock Up 3.1%

The business has a 50 day simple moving average of $2.54 and a 200 day simple moving average of $2.85. The company has a market capitalization of $99.60 million, a price-to-earnings ratio of -1.80 and a beta of 2.00. 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 (NASDAQ:ARQ) last announced its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share 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%. As a group, equities analysts predict that Arq, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of ARQ

A number of large investors have recently made changes to their positions in ARQ. The Manufacturers Life Insurance Company grew its stake in shares of ARQ by 13.7% in the 2nd 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 last quarter. Geode Capital Management LLC grew its stake in shares of ARQ by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock worth $2,545,000 after purchasing an additional 3,505 shares during the period. Barclays PLC grew its position in ARQ by 12.0% during the fourth quarter. Barclays PLC now owns 49,829 shares of the company’s stock worth $163,000 after buying an additional 5,319 shares during the period. State Street Corp grew its holdings in shares of ARQ by 1.0% in the 4th quarter. State Street Corp now owns 561,888 shares of the company’s stock worth $1,837,000 after acquiring an additional 5,413 shares during the period. Finally, Gabelli Funds LLC grew its holdings in ARQ by 17.9% in 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 last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

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.