ARQ (NASDAQ:ARQ) Issues Earnings Results, Hits Estimates

Key Points

• ARQ reported earnings per share of ($0.01), meeting analysts' estimates, but recorded a negative return on equity of (0.71%) and a negative net margin of (1.30%).
• The company's stock saw a decline of 1.2%, trading down to $6.54 with a recent volume of 305,633 shares.
• Insiders have been active, with Director Jeremy Blank purchasing 50,000 shares for an average of $4.10 per share, indicating confidence in the company's future.

ARQ (NASDAQ:ARQ - Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01), Zacks reports. ARQ had a negative return on equity of 0.71% and a negative net margin of 1.30%.

ARQ Stock Down 1.2%

NASDAQ:ARQ traded down $0.08 during mid-day trading on Monday, hitting $6.54. 305,633 shares of the company's stock traded hands, compared to its average volume of 235,490. The firm has a 50 day moving average of $5.55 and a two-hundred day moving average of $4.98. ARQ has a 12 month low of $3.34 and a 12 month high of $8.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.12 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARQ. Craig Hallum started coverage on ARQ in a research report on Tuesday, July 15th. They set a "buy" rating and a $10.00 price target for the company. Canaccord Genuity Group boosted their price objective on ARQ from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Fearnley Fonds raised ARQ to a "strong-buy" rating in a research note on Friday, June 27th.

Insider Activity at ARQ

In other news, Director Jeremy Blank purchased 50,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $4.10 per share, with a total value of $205,000.00. Following the acquisition, the director directly owned 374,955 shares in the company, valued at approximately $1,537,315.50. The trade was a 15.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Campbell-Breeden purchased 75,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $4.10 per share, with a total value of $307,500.00. Following the acquisition, the director 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 90 days, insiders acquired 165,456 shares of company stock worth $675,947 and sold 10,167 shares worth $52,868. 23.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ARQ

An institutional investor recently raised its position in ARQ stock. Geode Capital Management LLC increased its holdings in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 766,025 shares of the company's stock after acquiring an additional 67,430 shares during the period. Geode Capital Management LLC owned about 1.81% of ARQ worth $4,114,000 at the end of the most recent quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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