ARQ (NASDAQ:ARQ) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Arq, Inc. (NASDAQ:ARQ) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.00 and traded as high as $2.5599. ARQ shares last traded at $2.40, with a volume of 11,296,895 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.00.

ARQ Stock Performance

The stock’s 50 day moving average price is $2.00 and its 200 day moving average price is $2.46. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $104.81 million, a price-to-earnings ratio of -2.03 and a beta of 2.12.

ARQ (NASDAQ:ARQ) last released its earnings results on Wednesday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. ARQ had a negative return on equity of 0.85% and a negative net margin of 38.79%. The business had revenue of $38.21 million for the quarter, compared to the consensus estimate of $35.23 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AXQ Capital LP bought a new position in shares of ARQ in the second quarter valued at $30,000. Round Rock Advisors LLC increased its holdings in ARQ by 98.7% during the second quarter. Round Rock Advisors LLC now owns 378,979 shares of the company’s stock worth $966,000 after buying an additional 188,271 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in ARQ during the second quarter worth $108,000. Corient Private Wealth LP bought a new stake in ARQ during the second quarter worth $198,000. Finally, Bank of America Corp DE bought a new stake in ARQ during the second quarter worth $590,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

ARQ Company Profile

Arq, Inc (NASDAQ: ARQ) is a technology and materials company focused on converting coal waste and other carbon-rich materials into higher-value carbon products. The company’s processing technology is designed to recover and refine carbon from previously discarded coal fines and similar feedstocks.

Arq’s product portfolio includes activated carbon and other specialty carbon materials used in applications such as water purification, air emissions control, industrial processes and energy-related markets.