ARQ (NASDAQ:ARQ) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of ARQ (NASDAQ:ARQ) from a hold rating to a strong sell rating in a report published on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on ARQ. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their target price on shares of ARQ from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Wall Street Zen downgraded shares of ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Craig Hallum began coverage on shares of ARQ in a research note on Tuesday, July 15th. They issued a “buy” rating and a $10.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.33.

ARQ Stock Performance

Shares of NASDAQ ARQ opened at $3.70 on Monday. ARQ has a 12-month low of $3.34 and a 12-month high of $8.11. The company has a market cap of $157.97 million, a PE ratio of -92.50 and a beta of 1.96. The stock has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $5.93. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. The business had revenue of $35.07 million during the quarter, compared to analyst estimates of $35.63 million. On average, equities research analysts forecast that ARQ will post -0.13 EPS for the current year.

Insider Buying and Selling

In other ARQ news, CEO Robert E. Rasmus purchased 50,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $3.79 per share, with a total value of $189,500.00. Following the acquisition, the chief executive officer owned 70,718 shares of the company’s stock, valued at $268,021.22. The trade was a 241.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.89% of the company’s stock.

Institutional Trading of ARQ

A number of hedge funds and other institutional investors have recently made changes to their positions in ARQ. Nisa Investment Advisors LLC acquired a new stake in ARQ during the second quarter valued at approximately $25,000. Walleye Capital LLC bought a new position in shares of ARQ in the first quarter valued at $44,000. The Manufacturers Life Insurance Company lifted its position in shares of ARQ by 13.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after acquiring an additional 1,413 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of ARQ during the 3rd quarter worth $83,000. Finally, Jane Street Group LLC acquired a new position in shares of ARQ in the 2nd quarter worth $93,000. 18.49% of the stock is currently owned by institutional investors.

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.