Arq, Inc. (NASDAQ:ARQ) Receives $8.75 Consensus Target Price from Brokerages

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

ARQ has been the topic of several recent research reports. Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of ARQ from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Canaccord Genuity Group set a $7.50 price objective on shares of ARQ in a research note on Thursday, January 15th.

ARQ Stock Up 0.6%

ARQ opened at $3.50 on Monday. The business’s fifty day simple moving average is $3.57 and its 200 day simple moving average is $4.99. ARQ has a 52 week low of $3.18 and a 52 week high of $7.89. The company has a quick ratio of 0.71, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. The stock has a market cap of $149.42 million, a PE ratio of -35.00 and a beta of 1.96.

Institutional Investors Weigh In On ARQ

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new position in ARQ during the 2nd quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of ARQ during the fourth quarter valued at approximately $37,000. HRT Financial LP bought a new position in shares of ARQ in the fourth quarter worth approximately $37,000. Oxford Asset Management LLP purchased a new position in shares of ARQ in the fourth quarter worth $45,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of ARQ in the fourth quarter worth $47,000. 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. 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.