ARQ (ARQ) to Release Quarterly Earnings on Monday

Key Points

• ARQ is expected to announce its quarterly earnings results on August 11th, with analysts predicting earnings of ($0.01) per share and revenue of $25.56 million.
• The company's stock recently increased by 1.7%, trading at $5.25 with a market capitalization of $221.61 million.
• Insider activity revealed that directors Jeremy Blank and Richard Campbell-Breeden increased their ownership by purchasing shares at an average cost of $4.10, totaling a significant investment of $512,500.

ARQ (NASDAQ:ARQ - Get Free Report) is expected to post its quarterly earnings results after the market closes on Monday, August 11th. Analysts expect ARQ to post earnings of ($0.01) per share and revenue of $25.56 million for the quarter.

ARQ Stock Up 6.9%

Shares of ARQ stock traded up $0.43 on Friday, hitting $6.62. The stock had a trading volume of 259,319 shares, compared to its average volume of 228,144. ARQ has a 52-week low of $3.34 and a 52-week high of $8.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.62 and a current ratio of 1.12. The firm has a market capitalization of $279.43 million, a price-to-earnings ratio of -132.40 and a beta of 1.78. The stock's 50 day moving average is $5.52 and its 200-day moving average is $5.00.

Insider Buying and Selling at ARQ

In other ARQ news, Director Jeremy Blank purchased 50,000 shares of ARQ stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $4.10 per share, for a total transaction of $205,000.00. Following the transaction, the director owned 374,955 shares in the company, valued at $1,537,315.50. This represents a 15.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Campbell-Breeden purchased 75,000 shares of ARQ stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $4.10 per share, for a total transaction of $307,500.00. Following the completion of the transaction, the director owned 226,148 shares in the company, valued at approximately $927,206.80. The trade was a 49.62% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 165,856 shares of company stock worth $677,555 and have sold 10,167 shares worth $52,868. 23.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ARQ stock. Geode Capital Management LLC lifted its holdings in Arq, Inc. (NASDAQ:ARQ - Free Report) by 9.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 766,025 shares of the company's stock after buying an additional 67,430 shares during the quarter. Geode Capital Management LLC owned approximately 1.81% of ARQ worth $4,114,000 as of its most recent filing with the SEC. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ARQ. Craig Hallum began coverage on shares of ARQ in a research note on Tuesday, July 15th. They set a "buy" rating and a $10.00 price objective on the stock. Canaccord Genuity Group increased their price objective on shares of ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Fearnley Fonds upgraded shares of ARQ to a "strong-buy" rating in a research note on Friday, June 27th.

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.