Arq, Inc. (NASDAQ:ARQ – Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 725,100 shares, a decline of 12.3% from the November 30th total of 826,400 shares. Based on an average daily volume of 244,900 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.1% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
ARQ has been the topic of a number of research reports. Canaccord Genuity Group began coverage on ARQ in a report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price objective on the stock. Canaccord Genuity Group started coverage on shares of ARQ in a research note on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price target for the company.
ARQ Stock Performance
ARQ (NASDAQ:ARQ – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. The business had revenue of $34.77 million for the quarter, compared to the consensus estimate of $30.60 million. During the same period last year, the firm posted ($0.07) EPS. As a group, research analysts expect that ARQ will post -0.13 earnings per share for the current fiscal year.
Institutional Trading of ARQ
Several institutional investors have recently modified their holdings of the company. Firsthand Capital Management Inc. acquired a new stake in ARQ during the 3rd quarter worth about $40,000. Murphy Pohlad Asset Management LLC acquired a new position in ARQ in the 3rd quarter worth approximately $62,000. The Manufacturers Life Insurance Company purchased a new position in ARQ during the 2nd quarter worth approximately $63,000. XTX Topco Ltd acquired a new stake in ARQ during the 2nd quarter valued at $64,000. Finally, Mraz Amerine & Associates Inc. acquired a new stake in shares of ARQ in the third quarter worth $66,000. Institutional investors and hedge funds own 18.49% of the company’s stock.
About ARQ
Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.
Further Reading
- Five stocks we like better than ARQ
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 3 Stocks Helping to Bring AI to Healthcare
- The How And Why of Investing in Oil Stocks
- 3 Stocks Ringing in The New Year with Large Buyback Announcements
- How to Invest in the FAANG Stocks
- Why 2024 Was Great for Stocks—and Why 2025 Could Be Even Better
Receive News & Ratings for ARQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARQ and related companies with MarketBeat.com's FREE daily email newsletter.