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

Arq, Inc. (NASDAQ:ARQ) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.50.

Several equities analysts have recently issued reports on ARQ shares. Zacks Research upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Canaccord Genuity Group cut their price target on shares of ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of ARQ by 52.0% during the 4th quarter. Invesco Ltd. now owns 28,736 shares of the company’s stock valued at $94,000 after buying an additional 9,832 shares during the last quarter. XTX Topco Ltd purchased a new position in ARQ during the fourth quarter valued at approximately $251,000. Oxford Asset Management LLP purchased a new position in ARQ during the fourth quarter valued at approximately $45,000. Bridgeway Capital Management LLC lifted its holdings in ARQ by 15.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 74,780 shares of the company’s stock valued at $245,000 after acquiring an additional 10,000 shares during the period. Finally, AQR Capital Management LLC acquired a new position in ARQ in the fourth quarter valued at approximately $980,000. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Stock Performance

NASDAQ:ARQ opened at $2.54 on Friday. The stock has a market capitalization of $108.84 million, a price-to-earnings ratio of -2.00 and a beta of 1.96. ARQ has a 52 week low of $1.54 and a 52 week high of $7.89. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $3.16 and a 200 day moving average of $4.38.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Monday, March 9th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). ARQ had a negative net margin of 43.72% and a negative return on equity of 1.99%. The business had revenue of $29.43 million for the quarter, compared to analysts’ expectations of $28.59 million. As a group, sell-side analysts anticipate that ARQ will post -0.13 earnings per share for the current fiscal year.

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.