ARQ (NASDAQ:ARQ) Given New $9.00 Price Target at Canaccord Genuity Group

ARQ (NASDAQ:ARQ) had its price objective reduced by Canaccord Genuity Group from $10.00 to $9.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

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

ARQ Trading Down 1.7 %

NASDAQ:ARQ opened at $5.83 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. ARQ has a 12 month low of $3.11 and a 12 month high of $8.26. The company has a market cap of $245.03 million, a PE ratio of -583.00 and a beta of 1.49. The company has a 50 day simple moving average of $6.71 and a two-hundred day simple moving average of $6.41.

Institutional Investors Weigh In On ARQ

A number of hedge funds have recently modified their holdings of ARQ. Invesco Ltd. grew its position in shares of ARQ by 3,981.1% during the 4th quarter. Invesco Ltd. now owns 708,324 shares of the company’s stock valued at $5,362,000 after acquiring an additional 690,968 shares during the period. Marshall Wace LLP grew its position in shares of ARQ by 670.4% during the 4th quarter. Marshall Wace LLP now owns 213,400 shares of the company’s stock valued at $1,615,000 after acquiring an additional 185,700 shares during the period. Wellington Management Group LLP bought a new stake in shares of ARQ during the 4th quarter valued at $793,000. JPMorgan Chase & Co. grew its position in shares of ARQ by 956.7% during the 4th quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company’s stock valued at $869,000 after acquiring an additional 103,877 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ARQ by 128.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock valued at $1,129,000 after buying an additional 83,784 shares in the last quarter. 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.