ARQ (NASDAQ:ARQ) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum started coverage on shares of ARQ (NASDAQ:ARQ - Free Report) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group lowered their price target on shares of ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Fearnley Fonds raised shares of ARQ to a "strong-buy" rating in a report on Friday, June 27th.

ARQ Stock Down 1.0%

ARQ stock traded down $0.06 during midday trading on Tuesday, hitting $5.89. 243,198 shares of the stock were exchanged, compared to its average volume of 245,371. ARQ has a 52-week low of $3.34 and a 52-week high of $8.11. The stock has a market capitalization of $248.62 million, a price-to-earnings ratio of -117.80 and a beta of 1.70. The business's 50-day moving average price is $5.06 and its 200-day moving average price is $5.13. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 0.04.

Insiders Place Their Bets

In other ARQ news, Director Richard Campbell-Breeden acquired 75,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.10 per share, with a total value of $307,500.00. Following the purchase, the director owned 226,148 shares of the company's stock, valued at approximately $927,206.80. This trade represents a 49.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeremy Blank acquired 50,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $4.10 per share, with a total value of $205,000.00. Following the purchase, the director directly owned 374,955 shares in the company, valued at $1,537,315.50. This represents a 15.39% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 165,856 shares of company stock valued at $677,555 in the last quarter. Corporate insiders own 23.89% of the company's stock.

Institutional Investors Weigh In On ARQ

A number of institutional investors have recently made changes to their positions in ARQ. Price T Rowe Associates Inc. MD purchased a new stake in ARQ during the 4th quarter valued at $79,000. Walleye Capital LLC purchased a new stake in ARQ during the 1st quarter valued at $44,000. Intech Investment Management LLC purchased a new stake in ARQ during the 4th quarter valued at $89,000. Maven Securities LTD purchased a new stake in ARQ during the 4th quarter valued at $114,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ARQ by 14.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company's stock valued at $119,000 after buying an additional 1,998 shares during the period. 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.