ARQ (NASDAQ:ARQ) Upgraded at Wall Street Zen

ARQ (NASDAQ:ARQ) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on the company. Fearnley Fonds upgraded ARQ to a “strong-buy” rating in a research note on Friday, June 27th. Canaccord Genuity Group lifted their price objective on ARQ from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Craig Hallum assumed coverage on ARQ in a research note on Tuesday, July 15th. They set a “buy” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $10.00.

ARQ Trading Up 1.6%

ARQ opened at $7.17 on Friday. The stock has a market cap of $306.09 million, a PE ratio of -179.25 and a beta of 1.90. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $6.53 and a 200-day moving average of $5.22. ARQ has a 52 week low of $3.34 and a 52 week high of $8.11.

ARQ (NASDAQ:ARQ) last released its earnings results on Monday, August 11th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $28.58 million during the quarter, compared to analysts’ expectations of $25.56 million. ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. Equities research analysts predict that ARQ will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of ARQ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gratia Capital LLC raised its stake in ARQ by 23.7% in the 2nd quarter. Gratia Capital LLC now owns 857,962 shares of the company’s stock worth $4,607,000 after acquiring an additional 164,310 shares during the last quarter. Geode Capital Management LLC grew its position in ARQ by 9.7% during the 2nd quarter. Geode Capital Management LLC now owns 766,025 shares of the company’s stock worth $4,114,000 after purchasing an additional 67,430 shares during the period. Wellington Management Group LLP grew its position in ARQ by 568.9% during the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company’s stock worth $2,922,000 after purchasing an additional 595,855 shares during the period. York Capital Management Global Advisors LLC grew its position in ARQ by 6.6% during the 4th quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company’s stock worth $3,353,000 after purchasing an additional 27,324 shares during the period. Finally, Marex Group plc acquired a new stake in ARQ during the 2nd quarter worth about $1,737,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

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.