ARQ (ARQ) Expected to Announce Quarterly Earnings on Monday

ARQ (NASDAQ:ARQ) will likely be announcing its earnings results after the market closes on Monday, August 11th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $25.56 million for the quarter.

ARQ Stock Up 6.9%

ARQ stock opened at $6.62 on Friday. The firm has a 50-day moving average of $5.52 and a two-hundred day moving average of $5.00. The company has a market cap of $279.43 million, a price-to-earnings ratio of -132.40 and a beta of 1.78. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 0.04. ARQ has a 12 month low of $3.34 and a 12 month high of $8.11.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARQ. Fearnley Fonds upgraded shares of ARQ to a “strong-buy” rating in a report on Friday, June 27th. Canaccord Genuity Group raised their price target on shares of ARQ from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Craig Hallum started coverage on shares of ARQ in a research report on Tuesday, July 15th. They issued a “buy” rating and a $10.00 price target for the company.

Insider Activity

In other news, Director Jeremy Blank purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $4.10 per share, with a total value of $205,000.00. Following the completion of the acquisition, the director directly owned 374,955 shares of the company’s stock, valued at approximately $1,537,315.50. This trade represents a 15.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Campbell-Breeden purchased 75,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $4.10 per share, with a total value of $307,500.00. Following the completion of the acquisition, the director directly owned 226,148 shares of the company’s stock, valued at $927,206.80. This represents a 49.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 165,856 shares of company stock valued at $677,555 and sold 10,167 shares valued at $52,868. Corporate insiders own 23.89% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ARQ stock. Geode Capital Management LLC grew its holdings in Arq, Inc. (NASDAQ:ARQ) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 766,025 shares of the company’s stock after purchasing an additional 67,430 shares during the quarter. Geode Capital Management LLC owned approximately 1.81% of ARQ worth $4,114,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

ARQ Company 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.