ARQ (ARQ) Projected to Post Earnings on Monday

ARQ (NASDAQ:ARQ) is anticipated to release its results after the market closes on Monday, March 9th. Analysts expect ARQ to post earnings of ($0.05) per share and revenue of $28.5890 million for the quarter.

ARQ Stock Down 5.6%

Shares of NASDAQ:ARQ opened at $3.21 on Friday. ARQ has a fifty-two week low of $3.17 and a fifty-two week high of $7.89. The firm’s 50 day moving average price is $3.56 and its 200 day moving average price is $4.94. 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 $137.03 million, a price-to-earnings ratio of -32.10 and a beta of 1.96.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of ARQ by 555.9% during the third quarter. JPMorgan Chase & Co. now owns 98,071 shares of the company’s stock worth $702,000 after acquiring an additional 83,119 shares during the last quarter. Marshall Wace LLP purchased a new stake in ARQ in the 4th quarter valued at $1,453,000. Renaissance Technologies LLC boosted its stake in ARQ by 485.8% during the 4th quarter. Renaissance Technologies LLC now owns 412,299 shares of the company’s stock worth $1,348,000 after purchasing an additional 341,918 shares during the period. Squarepoint Ops LLC boosted its stake in ARQ by 529.6% during the 3rd quarter. Squarepoint Ops LLC now owns 166,422 shares of the company’s stock worth $1,192,000 after purchasing an additional 139,988 shares during the period. Finally, AQR Capital Management LLC purchased a new position in ARQ during the 4th quarter worth $980,000. Institutional investors and hedge funds 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.