Brokerages Set Arq, Inc. (NASDAQ:ARQ) PT at $7.50

Shares of Arq, Inc. (NASDAQ:ARQ) have received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $7.50.

Several research firms recently commented on ARQ. Canaccord Genuity Group lowered their target price on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a research 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.

Institutional Trading of ARQ

Large investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its position in shares of ARQ by 6.2% in the 4th quarter. Royce & Associates LP now owns 1,458,444 shares of the company’s stock valued at $4,769,000 after acquiring an additional 85,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in ARQ by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company’s stock worth $3,007,000 after buying an additional 62,988 shares in the last quarter. Geode Capital Management LLC lifted its position in ARQ by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock worth $2,545,000 after buying an additional 3,505 shares in the last quarter. State Street Corp lifted its position in 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 buying an additional 5,413 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of ARQ during the 3rd quarter worth $4,015,000. 18.49% of the stock is currently owned by institutional investors.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $2.46 on Friday. The firm’s 50 day moving average is $2.34 and its two-hundred day moving average is $3.16. The firm has a market capitalization of $105.61 million, a P/E ratio of -1.91 and a beta of 1.92. 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 has a 52 week low of $1.54 and a 52 week high of $7.89.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). ARQ had a negative return on equity of 2.67% and a negative net margin of 43.93%.The business had revenue of $29.05 million during the quarter, compared to the consensus estimate of $27.75 million. Analysts anticipate that ARQ will post 0.05 earnings per share for the current 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.