Arq, Inc. (NASDAQ:ARQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Arq, Inc. (NASDAQ:ARQ) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.75.

A number of analysts have recently commented on ARQ shares. Zacks Research raised shares of ARQ from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Wall Street Zen downgraded shares of ARQ from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group set a $7.50 target price on ARQ in a report on Thursday, January 15th.

Institutional Investors Weigh In On ARQ

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in ARQ during the second quarter worth approximately $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of ARQ in the fourth quarter valued at approximately $37,000. The Manufacturers Life Insurance Company boosted its stake 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 acquiring an additional 1,413 shares during the period. AlphaQuest LLC acquired a new position in shares of ARQ during the 3rd quarter worth approximately $83,000. Finally, Algert Global LLC acquired a new position in shares of ARQ during the 3rd quarter worth approximately $84,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

ARQ Stock Performance

ARQ opened at $3.76 on Thursday. The company has a market capitalization of $160.32 million, a price-to-earnings ratio of -37.70 and a beta of 1.97. The business’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $5.28. 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.

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.