ARQ (NASDAQ:ARQ) Shares Up 1.8% – Here’s What Happened

Arq, Inc. (NASDAQ:ARQ)’s share price rose 1.8% during mid-day trading on Thursday . The stock traded as high as $2.25 and last traded at $2.25. 116,386 shares traded hands during trading, a decline of 76% from the average session volume of 481,599 shares. The stock had previously closed at $2.21.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ARQ currently has an average rating of “Hold” and a consensus target price of $7.50.

ARQ Price Performance

The stock’s 50-day moving average is $2.54 and its 200 day moving average is $2.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.02. The stock has a market capitalization of $96.59 million, a PE ratio of -1.74 and a beta of 2.00.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. The firm had revenue of $29.05 million during the quarter, compared to analysts’ expectations of $27.75 million. As a group, equities analysts expect that Arq, Inc. will post 0.05 earnings per share for the current year.

Institutional Trading of ARQ

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP boosted its position in shares of ARQ by 6.2% in the 4th quarter. Royce & Associates LP now owns 1,458,444 shares of the company’s stock valued at $4,769,000 after purchasing an additional 85,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in ARQ by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company’s stock valued at $3,007,000 after buying an additional 62,988 shares during the last quarter. Geode Capital Management LLC lifted its stake in ARQ by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock valued at $2,545,000 after buying an additional 3,505 shares during the last quarter. State Street Corp boosted its holdings in shares of ARQ by 1.0% in the fourth quarter. State Street Corp now owns 561,888 shares of the company’s stock valued at $1,837,000 after acquiring an additional 5,413 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of ARQ in the third quarter valued at approximately $4,015,000. 18.49% of the stock is owned by hedge funds and other 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.