ARQ (NASDAQ:ARQ) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• ARQ has received a "sell (D-)" rating from Weiss Ratings, indicating caution from analysts regarding its stock performance.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of $10.00, as several analysts recently adjusted their ratings.
• Institutional investors significantly increased their holdings in ARQ, with Wellington Management growing its position by 568.9% in the first quarter.

ARQ (NASDAQ:ARQ - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

ARQ has been the topic of several other reports. Craig Hallum assumed coverage on shares of ARQ in a research note on Tuesday, July 15th. They set a "buy" rating and a $10.00 price target on the stock. Canaccord Genuity Group increased their price target on ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded ARQ from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Fearnley Fonds raised shares of ARQ to a "strong-buy" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

ARQ Stock Performance

NASDAQ ARQ traded down $0.06 during trading hours on Wednesday, reaching $7.01. The company's stock had a trading volume of 212,105 shares, compared to its average volume of 260,760. The stock has a market cap of $299.26 million, a PE ratio of -175.25 and a beta of 1.92. The business has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $5.48. ARQ has a 52 week low of $3.34 and a 52 week high of $8.11. 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 - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). The company had revenue of $28.58 million for the quarter, compared to the consensus estimate of $25.56 million. ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. Equities research analysts predict that ARQ will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARQ

A number of large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of ARQ by 568.9% in the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock worth $2,922,000 after buying an additional 595,855 shares during the period. Marex Group plc purchased a new stake in ARQ in the 2nd quarter worth $1,737,000. Nuveen LLC bought a new stake in shares of ARQ in the 1st quarter worth about $836,000. Gratia Capital LLC increased its position in ARQ by 23.7% during the second quarter. Gratia Capital LLC now owns 857,962 shares of the company's stock valued at $4,607,000 after acquiring an additional 164,310 shares during the last quarter. Finally, DCF Advisers LLC purchased a new position in shares of ARQ during the first quarter worth approximately $473,000. 18.49% of the stock is currently owned by institutional investors.

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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