ARQ (NASDAQ:ARQ) Price Target Lowered to $9.00 at Canaccord Genuity Group

ARQ (NASDAQ:ARQ) had its target price reduced by stock analysts at Canaccord Genuity Group from $10.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 51.77% from the company’s current price.

Separately, Canaccord Genuity Group started coverage on ARQ in a report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 target price for the company.

ARQ Stock Performance

Shares of ARQ stock opened at $5.93 on Tuesday. ARQ has a one year low of $3.10 and a one year high of $8.26. The firm has a market capitalization of $249.24 million, a price-to-earnings ratio of -593.00 and a beta of 1.49. The business has a 50-day simple moving average of $6.74 and a 200 day simple moving average of $6.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28.

Institutional Trading of ARQ

Several large investors have recently bought and sold shares of ARQ. Geode Capital Management LLC raised its holdings in ARQ by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock worth $3,502,000 after acquiring an additional 4,545 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in ARQ during the 2nd quarter valued at $71,000. Barclays PLC raised its stake in ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after buying an additional 24,731 shares during the last quarter. State Street Corp raised its stake in ARQ by 19.6% during the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock valued at $2,317,000 after buying an additional 64,595 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in ARQ by 130.6% during the 3rd quarter. Jane Street Group LLC now owns 30,436 shares of the company’s stock valued at $179,000 after buying an additional 17,240 shares during 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.