Brokerages Set Arq, Inc. (NASDAQ:ARQ) Price Target at $8.75

Shares of Arq, Inc. (NASDAQ:ARQ) have received a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.75.

A number of research firms have recently issued reports on ARQ. Wall Street Zen downgraded shares of ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Canaccord Genuity Group set a $7.50 target price on shares of ARQ in a report on Thursday, January 15th. Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, January 21st.

ARQ Trading Down 0.3%

NASDAQ:ARQ opened at $3.52 on Thursday. The company has a market cap of $150.27 million, a PE ratio of -35.20 and a beta of 1.97. The business’s 50 day moving average is $3.55 and its two-hundred day moving average is $5.32. The company has a quick ratio of 0.71, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. ARQ has a 52 week low of $3.18 and a 52 week high of $7.89.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative net margin of 3.33% and a negative return on equity of 1.11%. On average, analysts predict that ARQ will post -0.13 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert E. Rasmus purchased 50,000 shares of the stock in a transaction dated Monday, November 10th. The stock was acquired at an average price of $3.79 per share, for a total transaction of $189,500.00. Following the completion of the transaction, the chief executive officer owned 70,718 shares of the company’s stock, valued at approximately $268,021.22. The trade was a 241.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Campbell-Breeden acquired 28,638 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $3.54 per share, for a total transaction of $101,378.52. Following the acquisition, the director owned 254,786 shares in the company, valued at approximately $901,942.44. This trade represents a 12.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 23.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ARQ

Several large investors have recently made changes to their positions in ARQ. Marex Group plc bought a new stake in ARQ during the 2nd quarter valued at $1,737,000. Gratia Capital LLC increased its holdings in shares of ARQ by 23.7% during the second quarter. Gratia Capital LLC now owns 857,962 shares of the company’s stock valued at $4,607,000 after purchasing an additional 164,310 shares during the period. XTX Topco Ltd raised its stake in shares of ARQ by 260.1% during the second quarter. XTX Topco Ltd now owns 41,865 shares of the company’s stock valued at $225,000 after purchasing an additional 30,240 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in ARQ in the second quarter worth about $25,000. Finally, JPMorgan Chase & Co. lifted its holdings in ARQ by 555.9% in the third quarter. JPMorgan Chase & Co. now owns 98,071 shares of the company’s stock worth $702,000 after purchasing an additional 83,119 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.

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.