Analysts Set Arq, Inc. (NASDAQ:ARQ) Price Target at $7.50

Shares of Arq, Inc. (NASDAQ:ARQ) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.50.

A number of research analysts have commented on ARQ shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a report on Monday. Canaccord Genuity Group dropped their price target on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Finally, Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th.

ARQ Stock Performance

ARQ stock opened at $2.30 on Tuesday. ARQ has a 52 week low of $1.54 and a 52 week high of $7.89. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $98.62 million, a P/E ratio of -1.81 and a beta of 2.08. The stock has a 50 day moving average of $2.64 and a 200-day moving average of $3.77.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $29.43 million during the quarter, compared to the consensus estimate of $28.59 million. ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%. On average, analysts expect that ARQ will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARQ. Los Angeles Capital Management LLC bought a new stake in shares of ARQ during the 4th quarter valued at about $37,000. HRT Financial LP acquired a new position in ARQ in the fourth quarter valued at approximately $37,000. AlphaQuest LLC bought a new position in shares of ARQ during the third quarter valued at approximately $83,000. Algert Global LLC acquired a new stake in shares of ARQ during the 3rd quarter worth approximately $84,000. Finally, The Manufacturers Life Insurance Company raised 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 worth $63,000 after purchasing an additional 1,413 shares during the period. 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. 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.