DCF Advisers LLC Invests $134,000 in Arq, Inc. (NASDAQ:ARQ)

DCF Advisers LLC purchased a new position in Arq, Inc. (NASDAQ:ARQ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,000 shares of the company’s stock, valued at approximately $134,000.

Several other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of ARQ during the second quarter valued at $64,000. Renaissance Technologies LLC purchased a new position in ARQ in the 2nd quarter worth about $81,000. Perritt Capital Management Inc bought a new position in ARQ during the 2nd quarter valued at about $367,000. Dimensional Fund Advisors LP bought a new position in ARQ during the 2nd quarter valued at about $1,524,000. Finally, AIGH Capital Management LLC purchased a new stake in shares of ARQ during the 2nd quarter valued at about $13,002,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

ARQ Stock Up 1.0 %

ARQ opened at $6.17 on Friday. The stock has a market capitalization of $222.37 million, a price-to-earnings ratio of -22.85 and a beta of 1.41. The firm has a 50 day moving average price of $6.24 and a 200-day moving average price of $6.35. Arq, Inc. has a twelve month low of $1.50 and a twelve month high of $8.26. The company has a quick ratio of 1.83, a current ratio of 2.68 and a debt-to-equity ratio of 0.09.

ARQ (NASDAQ:ARQ) last posted its earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $25.41 million during the quarter, compared to the consensus estimate of $20.60 million. ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. During the same period last year, the firm posted ($0.21) EPS. Equities research analysts forecast that Arq, Inc. will post -0.12 earnings per share for the current year.

ARQ Profile

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.