ARQ (ARQ) Projected to Post 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 Performance

NASDAQ:ARQ traded up $1.17 during mid-day trading on Wednesday, hitting $6.58. The stock had a trading volume of 289,119 shares, compared to its average volume of 241,968. The stock has a market capitalization of $277.87 million, a price-to-earnings ratio of -131.00 and a beta of 1.78. The company has a 50 day simple moving average of $5.43 and a 200-day simple moving average of $5.00. ARQ has a 52 week low of $3.34 and a 52 week high of $8.11. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 0.04.

Insiders Place Their Bets

In related news, Director Jeremy Blank purchased 50,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at $1,537,315.50. This represents a 15.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Campbell-Breeden bought 75,000 shares of the company's stock in a transaction that occurred on 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 acquisition, the director directly owned 226,148 shares in the company, valued at approximately $927,206.80. This represents a 49.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 165,856 shares of company stock worth $677,555. 23.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Fearnley Fonds upgraded shares of ARQ to a "strong-buy" rating in a research report on Friday, June 27th. Canaccord Genuity Group dropped their price target on shares of ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Craig Hallum initiated coverage on shares of ARQ in a research report on Tuesday, July 15th. They set a "buy" rating and a $10.00 price target on the stock.

About ARQ

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.