ARQ (NASDAQ:ARQ) Coverage Initiated at Craig Hallum

Stock analysts at Craig Hallum initiated coverage on shares of ARQ (NASDAQ:ARQ) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. Craig Hallum’s target price would suggest a potential upside of 68.07% from the company’s current price.

A number of other research firms have also recently issued reports on ARQ. Canaccord Genuity Group lowered their price objective on ARQ from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Fearnley Fonds raised ARQ to a “strong-buy” rating in a research note on Friday, June 27th.

ARQ Stock Performance

ARQ opened at $5.95 on Tuesday. ARQ has a 12-month low of $3.34 and a 12-month high of $8.11. The firm has a market capitalization of $251.15 million, a P/E ratio of -119.00 and a beta of 1.70. The stock’s 50 day moving average price is $5.06 and its two-hundred day moving average price is $5.13. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at ARQ

In other news, Director Jeremy Blank bought 50,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.10 per share, for a total transaction of $205,000.00. Following the completion of the transaction, the director directly owned 374,955 shares in the company, valued at $1,537,315.50. The trade was a 15.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert E. Rasmus bought 25,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $4.10 per share, with a total value of $102,500.00. Following the transaction, the chief executive officer owned 480,782 shares of the company’s stock, valued at $1,971,206.20. The trade was a 5.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 165,856 shares of company stock worth $677,555. 23.89% of the stock is currently owned by insiders.

Institutional Trading of ARQ

A number of hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ARQ by 14.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company’s stock valued at $119,000 after acquiring an additional 1,998 shares during the period. Aristides Capital LLC boosted its position in shares of ARQ by 6.0% during the fourth quarter. Aristides Capital LLC now owns 73,649 shares of the company’s stock worth $558,000 after buying an additional 4,200 shares during the period. Wells Fargo & Company MN boosted its position in shares of ARQ by 66.9% during the fourth quarter. Wells Fargo & Company MN now owns 18,209 shares of the company’s stock worth $138,000 after buying an additional 7,298 shares during the period. Two Sigma Investments LP boosted its position in shares of ARQ by 26.4% during the fourth quarter. Two Sigma Investments LP now owns 36,303 shares of the company’s stock worth $275,000 after buying an additional 7,589 shares during the period. Finally, Avanza Fonder AB boosted its position in shares of ARQ by 84.6% during the first quarter. Avanza Fonder AB now owns 16,615 shares of the company’s stock worth $70,000 after buying an additional 7,615 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.