ARQ (ARQ) Expected to Announce Earnings on Wednesday

ARQ (NASDAQ:ARQ) is expected to be announcing its results before the market opens on Wednesday, March 4th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $28.5890 million for the quarter.

ARQ Trading Up 1.5%

Shares of ARQ stock opened at $3.41 on Wednesday. ARQ has a 1 year low of $3.18 and a 1 year high of $7.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.10 and a quick ratio of 0.71. The stock has a market cap of $145.57 million, a PE ratio of -34.10 and a beta of 1.97. The firm has a fifty day moving average price of $3.53 and a 200 day moving average price of $5.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of ARQ by 9.7% in the 2nd quarter. Geode Capital Management LLC now owns 766,025 shares of the company’s stock worth $4,114,000 after acquiring an additional 67,430 shares during the last quarter. Rhumbline Advisers increased its position in ARQ by 65.7% during the second quarter. Rhumbline Advisers now owns 44,607 shares of the company’s stock worth $240,000 after purchasing an additional 17,688 shares during the last quarter. American Century Companies Inc. raised its stake in ARQ by 16.6% during the second quarter. American Century Companies Inc. now owns 61,364 shares of the company’s stock worth $330,000 after purchasing an additional 8,722 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in ARQ by 13.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of ARQ in the 2nd quarter valued at approximately $93,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on ARQ shares. Zacks Research raised ARQ from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wall Street Zen lowered shares of ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group set a $7.50 price target on ARQ in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ARQ presently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

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.