Arq, Inc. (NASDAQ:ARQ) Receives Consensus Recommendation of “Hold” from Analysts

Arq, Inc. (NASDAQ:ARQ) has earned an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.00.

Several research analysts have recently issued reports on ARQ shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, October 8th. Zacks Research cut shares of ARQ from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Wall Street Zen cut ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Canaccord Genuity Group dropped their price objective on shares of ARQ from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 7th.

Insider Activity at ARQ

In other ARQ news, Director Richard Campbell-Breeden acquired 28,638 shares of the stock in a transaction on Tuesday, November 11th. The shares were bought at an average price of $3.54 per share, with a total value of $101,378.52. Following the acquisition, the director owned 254,786 shares of the company’s stock, valued at $901,942.44. This trade represents a 12.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert E. Rasmus purchased 50,000 shares of ARQ stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $3.79 per share, with a total value of $189,500.00. Following the completion of the acquisition, the chief executive officer directly owned 70,718 shares in the company, valued at approximately $268,021.22. This trade represents a 241.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 23.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new stake in ARQ in the second quarter valued at $25,000. Walleye Capital LLC purchased a new position in shares of ARQ in the 1st quarter valued at about $44,000. The Manufacturers Life Insurance Company lifted its stake in shares of 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 purchasing an additional 1,413 shares during the period. AlphaQuest LLC purchased a new stake in ARQ during the third quarter worth about $83,000. Finally, Algert Global LLC acquired a new position in ARQ during the third quarter worth about $84,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

ARQ Trading Up 6.1%

Shares of NASDAQ:ARQ opened at $3.50 on Friday. ARQ has a 52 week low of $3.27 and a 52 week high of $8.07. The company’s 50 day moving average is $6.17 and its two-hundred day moving average is $5.89. The company has a market cap of $149.43 million, a PE ratio of -87.50 and a beta of 1.96. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04.

ARQ (NASDAQ:ARQ) last issued its earnings results on Wednesday, November 5th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. Equities analysts predict that ARQ will post -0.13 earnings per share for the current fiscal year.

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.