ARQ (NASDAQ:ARQ) Price Target Cut to $9.00 by Analysts at Canaccord Genuity Group

ARQ (NASDAQ:ARQ - Get Free Report) had its price target lowered by analysts at Canaccord Genuity Group from $10.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 52.03% from the stock's current price.

Separately, Canaccord Genuity Group began coverage on ARQ in a research note on Tuesday, November 19th. They set a "buy" rating and a $10.00 price target for the company.

ARQ Trading Up 1.5 %

NASDAQ:ARQ traded up $0.09 on Tuesday, hitting $5.92. 99,803 shares of the stock were exchanged, compared to its average volume of 237,890. The stock has a market cap of $248.82 million, a PE ratio of -590.90 and a beta of 1.49. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $6.68 and a 200-day moving average of $6.41. ARQ has a fifty-two week low of $3.13 and a fifty-two week high of $8.26.

Institutional Investors Weigh In On ARQ

Large investors have recently modified their holdings of the stock. Firsthand Capital Management Inc. acquired a new stake in shares of ARQ in the third quarter valued at about $40,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of ARQ in the third quarter valued at about $62,000. The Manufacturers Life Insurance Company acquired a new stake in shares of ARQ in the second quarter valued at about $63,000. Mraz Amerine & Associates Inc. acquired a new stake in shares of ARQ in the third quarter valued at about $66,000. Finally, Avanza Fonder AB acquired a new stake in shares of ARQ in the fourth quarter valued at about $68,000. Institutional investors and hedge funds 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.