Arq, Inc. (NASDAQ:ARQ) Receives $7.50 Consensus Target Price from Analysts
by Mitch Edgeman · The Markets DailyShares of Arq, Inc. (NASDAQ:ARQ – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently 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 assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.50.
Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a report on Wednesday, January 21st. Zacks Research upgraded ARQ from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Canaccord Genuity Group lowered their target price 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.
Check Out Our Latest Stock Report on ARQ
Institutional Trading of ARQ
Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after acquiring an additional 1,413 shares during the last quarter. Geode Capital Management LLC raised its holdings in ARQ by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock worth $2,545,000 after buying an additional 3,505 shares during the period. Barclays PLC lifted its position in ARQ by 12.0% in the 4th quarter. Barclays PLC now owns 49,829 shares of the company’s stock valued at $163,000 after acquiring an additional 5,319 shares in the last quarter. State Street Corp boosted its position in shares of ARQ by 1.0% during the fourth quarter. State Street Corp now owns 561,888 shares of the company’s stock worth $1,837,000 after buying an additional 5,413 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of ARQ by 17.9% during the 3rd quarter. Gabelli Funds LLC now owns 50,000 shares of the company’s stock worth $358,000 after acquiring an additional 7,600 shares in the last quarter. 18.49% of the stock is owned by institutional investors.
ARQ Trading Up 4.7%
Shares of NASDAQ ARQ opened at $2.47 on Friday. ARQ has a 12 month low of $1.54 and a 12 month high of $7.89. The business has a fifty day simple moving average of $3.07 and a 200-day simple moving average of $4.28. The company has a market cap of $105.84 million, a price-to-earnings ratio of -1.94 and a beta of 2.08. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.
ARQ (NASDAQ:ARQ – Get Free Report) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts predict that ARQ will post -0.13 EPS for the current 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.