Robert E. Rasmus Buys 25,000 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ) CEO Robert E. Rasmus purchased 25,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $5.25 per share, with a total value of $131,250.00. Following the acquisition, the chief executive officer now directly owns 450,792 shares in the company, valued at $2,366,658. The acquisition was disclosed in a filing with the SEC, which is available through this link.

ARQ Stock Up 1.6 %

Shares of ARQ opened at $5.18 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.83. The stock has a market capitalization of $186.69 million, a price-to-earnings ratio of -19.19 and a beta of 1.41. Arq, Inc. has a 1 year low of $1.50 and a 1 year high of $8.26. The business’s 50 day simple moving average is $6.19 and its 200-day simple moving average is $6.42.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $25.41 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned ($0.21) earnings per share. As a group, equities analysts expect that Arq, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARQ

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in shares of ARQ in the 2nd quarter valued at approximately $63,000. XTX Topco Ltd purchased a new stake in ARQ during the 2nd quarter valued at $64,000. Cubist Systematic Strategies LLC bought a new stake in ARQ in the second quarter worth $71,000. Renaissance Technologies LLC purchased a new position in ARQ during the second quarter worth $81,000. Finally, DCF Advisers LLC bought a new position in ARQ during the second quarter valued at $134,000. 18.49% of the stock is owned by institutional investors.

ARQ Company 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.