Barclays PLC Acquires 24,731 Shares of Arq, Inc. (NASDAQ:ARQ)

Barclays PLC lifted its holdings in shares of Arq, Inc. (NASDAQ:ARQ) by 286.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,350 shares of the company’s stock after purchasing an additional 24,731 shares during the quarter. Barclays PLC owned 0.08% of ARQ worth $196,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARQ. AIGH Capital Management LLC acquired a new stake in ARQ during the 2nd quarter worth approximately $13,002,000. State Street Corp raised its holdings in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after acquiring an additional 64,595 shares during the period. Dimensional Fund Advisors LP bought a new stake in ARQ in the 2nd quarter valued at $1,524,000. Maven Securities LTD acquired a new position in ARQ in the 2nd quarter worth $607,000. Finally, Perritt Capital Management Inc bought a new position in ARQ during the 2nd quarter worth about $367,000. Institutional investors own 18.49% of the company’s stock.

Analysts Set New Price Targets

ARQ has been the subject of several recent research reports. Canaccord Genuity Group assumed coverage on ARQ in a research report on Tuesday, November 19th. They set a “buy” rating and a $10.00 price objective for the company. Canaccord Genuity Group started coverage on ARQ in a research report on Tuesday, November 19th. They set a “buy” rating and a $10.00 price target for the company.

ARQ Trading Up 2.6 %

ARQ stock opened at $7.55 on Tuesday. The company has a market cap of $317.34 million, a price-to-earnings ratio of -755.00 and a beta of 1.50. The firm has a 50-day moving average of $7.03 and a 200-day moving average of $6.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. Arq, Inc. has a one year low of $2.50 and a one year high of $8.26.

ARQ (NASDAQ:ARQ) last posted 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 company had revenue of $34.77 million during the quarter, compared to the consensus estimate of $30.60 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts expect that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

ARQ Profile

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.