ARQ (NASDAQ:ARQ) Upgraded at Wall Street Zen

Key Points

• ARQ was upgraded from a "sell" to a "hold" rating by Wall Street Zen, while Fearnley Fonds issued a "strong-buy" rating.
• The stock has an average target price of $10.00, with multiple analysts giving it a "buy" rating.
• ARQ's recent earnings report showed revenue of $28.58 million, surpassing expectations of $25.56 million.

ARQ (NASDAQ:ARQ - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other analysts have also issued research reports about the stock. Craig Hallum assumed coverage on shares of ARQ in a research report on Tuesday, July 15th. They set a "buy" rating and a $10.00 target price on the stock. Canaccord Genuity Group lifted their price target on shares of ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Fearnley Fonds upgraded shares of ARQ to a "strong-buy" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.00.

ARQ Trading Down 2.6%

NASDAQ ARQ traded down $0.19 during mid-day trading on Friday, reaching $7.00. 1,063,390 shares of the stock were exchanged, compared to its average volume of 251,027. ARQ has a 1-year low of $3.34 and a 1-year high of $8.11. The business's fifty day simple moving average is $6.63 and its 200 day simple moving average is $5.27. The stock has a market capitalization of $298.83 million, a PE ratio of -175.00 and a beta of 1.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. The firm had revenue of $28.58 million for the quarter, compared to analyst estimates of $25.56 million. On average, research analysts anticipate that ARQ will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in ARQ by 36.0% during the 1st quarter. American Century Companies Inc. now owns 52,642 shares of the company's stock worth $220,000 after acquiring an additional 13,925 shares in the last quarter. Millennium Management LLC grew its holdings in ARQ by 167.3% during the 4th quarter. Millennium Management LLC now owns 153,470 shares of the company's stock worth $1,162,000 after acquiring an additional 96,057 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in ARQ by 838.8% during the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock worth $2,374,000 after acquiring an additional 280,210 shares in the last quarter. Two Sigma Investments LP grew its holdings in ARQ by 26.4% during the 4th quarter. Two Sigma Investments LP now owns 36,303 shares of the company's stock worth $275,000 after acquiring an additional 7,589 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in ARQ during the 4th quarter worth $79,000. Hedge funds and other institutional investors own 18.49% of the company's stock.

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.