ARQ (NASDAQ:ARQ) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded ARQ from strong sell to hold, adding to a mixed set of analyst opinions on the stock.
• Across recent coverage, ARQ now has an average analyst rating of Moderate Buy with a $7.50 consensus price target, though some firms remain cautious or bearish.
• ARQ’s latest quarter matched EPS expectations at -$0.02 and beat revenue estimates with $29.05 million in sales, even as the company posted negative margins and returns.

ARQ (NASDAQ:ARQ - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "hold" rating in a note issued to investors on Saturday.

ARQ has been the topic of a number of other reports. Zacks Research raised shares of ARQ from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ARQ in a research report on Monday, April 20th. Finally, Canaccord Genuity Group lowered their price target on shares of ARQ from $7.50 to $5.00 and set a "buy" rating on the stock in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.50.

ARQ Price Performance

Shares of ARQ opened at $2.64 on Friday. The firm has a market capitalization of $113.34 million, a PE ratio of -2.05 and a beta of 1.92. The company's 50-day moving average is $2.46 and its 200-day moving average is $3.47. ARQ has a fifty-two week low of $1.54 and a fifty-two week high of $7.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 0.66.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $29.05 million for the quarter, compared to analyst estimates of $27.75 million. ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. Equities analysts forecast that ARQ will post 0.04 EPS for the current year.

Hedge Funds Weigh In On ARQ

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in ARQ by 13.7% during the second 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. Geode Capital Management LLC grew its stake in ARQ by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 778,142 shares of the company's stock worth $2,545,000 after buying an additional 3,505 shares in the last quarter. Barclays PLC grew its stake in ARQ by 12.0% during the fourth quarter. Barclays PLC now owns 49,829 shares of the company's stock worth $163,000 after buying an additional 5,319 shares in the last quarter. State Street Corp grew its stake in ARQ by 1.0% during the fourth quarter. State Street Corp now owns 561,888 shares of the company's stock worth $1,837,000 after buying an additional 5,413 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in ARQ by 17.9% during the third quarter. Gabelli Funds LLC now owns 50,000 shares of the company's stock worth $358,000 after buying an additional 7,600 shares in the last quarter. 18.49% of the stock is 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. 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.

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