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

Key Points

• ARQ has received a sell (D-) rating from Weiss Ratings, indicating poor performance expectations from analysts.
• The stock currently has an average rating of Moderate Buy, with a consensus target price of $10.00, despite the sell rating.
• ARQ's stock price has seen a 1.9% increase recently, trading at $6.99 with a market capitalization of approximately $298.40 million.

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

A number of other equities research analysts have also recently commented on the company. Craig Hallum began coverage on ARQ in a research note on Tuesday, July 15th. They issued a "buy" rating and a $10.00 price target for the company. Fearnley Fonds raised ARQ to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen raised ARQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Canaccord Genuity Group increased their price objective on ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 7th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.00.

ARQ Stock Up 1.9%

ARQ stock traded up $0.13 during midday trading on Friday, reaching $6.99. The company's stock had a trading volume of 142,994 shares, compared to its average volume of 256,999. The stock's 50-day simple moving average is $7.16 and its 200-day simple moving average is $5.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.10 and a quick ratio of 0.65. ARQ has a 52-week low of $3.34 and a 52-week high of $8.11. The stock has a market capitalization of $298.40 million, a P/E ratio of -174.75 and a beta of 1.92.

ARQ (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.01) 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 company had revenue of $28.58 million during the quarter, compared to analysts' expectations of $25.56 million. On average, sell-side analysts expect that ARQ will post -0.13 EPS for the current year.

Institutional Trading of ARQ

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in ARQ by 36.0% during the first quarter. American Century Companies Inc. now owns 52,642 shares of the company's stock worth $220,000 after purchasing an additional 13,925 shares in the last quarter. Nuveen LLC purchased a new position in ARQ during the first quarter worth approximately $836,000. Wellington Management Group LLP boosted its position in ARQ by 568.9% during the first quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock worth $2,922,000 after purchasing an additional 595,855 shares in the last quarter. Maven Securities LTD boosted its position in ARQ by 436.1% during the first quarter. Maven Securities LTD now owns 80,421 shares of the company's stock worth $335,000 after purchasing an additional 65,421 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in ARQ by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company's stock worth $581,000 after purchasing an additional 7,897 shares in the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Company Profile

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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