Arq, Inc. (NASDAQ:ARQ) Given Average Rating of "Buy" by Analysts

Key Points

• Arq, Inc. has received an average analyst rating of "Buy", with three analysts recommending buy and one a strong buy, setting a 1-year price target of $10.00.
• Institutional investors have significantly increased their positions, with Wellington Management Group boosting its stake by 568.9% in the first quarter.
• In its latest earnings report, Arq, Inc. met analysts' expectations with an EPS of ($0.01) and generated $28.58 million in revenue, surpassing the consensus estimate of $25.56 million.

Shares of Arq, Inc. (NASDAQ:ARQ - Get Free Report) have received an average rating of "Buy" from the four ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of equities analysts recently issued reports on ARQ shares. Craig Hallum assumed coverage on ARQ in a report on Tuesday, July 15th. They issued a "buy" rating and a $10.00 price objective for the company. Canaccord Genuity Group increased their target price on ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Fearnley Fonds raised shares of ARQ to a "strong-buy" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of ARQ from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of ARQ in a report on Saturday, September 27th.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gratia Capital LLC lifted its stake in ARQ by 23.7% in the 2nd quarter. Gratia Capital LLC now owns 857,962 shares of the company's stock valued at $4,607,000 after purchasing an additional 164,310 shares during the last quarter. Geode Capital Management LLC increased its stake in ARQ by 9.7% in the second quarter. Geode Capital Management LLC now owns 766,025 shares of the company's stock valued at $4,114,000 after acquiring an additional 67,430 shares during the last quarter. Wellington Management Group LLP boosted its position in ARQ by 568.9% in the first quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock valued at $2,922,000 after buying an additional 595,855 shares in the last quarter. Marex Group plc acquired a new position in shares of ARQ during the second quarter worth $1,737,000. Finally, Nuveen LLC acquired a new position in shares of ARQ during the first quarter worth $836,000. Institutional investors and hedge funds own 18.49% of the company's stock.

ARQ Price Performance

ARQ stock traded down $0.07 during midday trading on Friday, hitting $7.00. 201,994 shares of the stock were exchanged, compared to its average volume of 261,529. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10. The stock's 50-day moving average price is $6.91 and its 200-day moving average price is $5.43. The stock has a market cap of $298.83 million, a price-to-earnings ratio of -175.00 and a beta of 1.92. ARQ has a fifty-two week low of $3.34 and a fifty-two week high of $8.11.

ARQ (NASDAQ:ARQ - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%.The firm had revenue of $28.58 million during the quarter, compared to the consensus estimate of $25.56 million. Research analysts predict that ARQ will post -0.13 earnings per share for the current 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.

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