ARQ (NASDAQ:ARQ) Stock Rating Lowered by Wall Street Zen

ARQ (NASDAQ:ARQ) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also weighed in on ARQ. Craig Hallum assumed coverage on ARQ in a research report on Tuesday, July 15th. They issued a “buy” rating and a $10.00 target price on the stock. Canaccord Genuity Group increased their target price on ARQ from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Fearnley Fonds raised ARQ to a “strong-buy” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

ARQ Stock Performance

ARQ stock opened at $7.35 on Friday. The stock’s 50 day moving average price is $5.73 and its 200 day moving average price is $5.03. The firm has a market capitalization of $313.77 million, a PE ratio of -183.75 and a beta of 1.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.62 and a current ratio of 1.10. ARQ has a one year low of $3.34 and a one year high of $8.11.

ARQ (NASDAQ:ARQ) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $28.58 million for the quarter, compared to analyst estimates of $25.56 million. ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. As a group, sell-side analysts expect that ARQ will post -0.13 EPS for the current fiscal year.

Insider Activity

In other ARQ news, Director Richard Campbell-Breeden purchased 75,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $4.10 per share, with a total value of $307,500.00. Following the completion of the acquisition, the director owned 226,148 shares of the company’s stock, valued at approximately $927,206.80. This trade represents a 49.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeremy Blank purchased 50,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $205,000.00. Following the completion of the acquisition, the director directly owned 374,955 shares of the company’s stock, valued at approximately $1,537,315.50. This trade represents a 15.39% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 150,000 shares of company stock valued at $615,000 and have sold 10,167 shares valued at $52,868. Corporate insiders own 23.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in ARQ in the 2nd quarter worth about $25,000. Walleye Capital LLC purchased a new position in ARQ in the 1st quarter worth about $44,000. The Manufacturers Life Insurance Company increased 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. Avanza Fonder AB increased its stake in ARQ by 84.6% in the 1st quarter. Avanza Fonder AB now owns 16,615 shares of the company’s stock worth $70,000 after purchasing an additional 7,615 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in ARQ in the 4th quarter worth about $79,000. 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.