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

DCF Advisers LLC acquired a new stake in shares of Arq, Inc. (NASDAQ:ARQ) during the second quarter, according to its most recent filing with the SEC. The fund acquired 22,000 shares of the company’s stock, valued at approximately $134,000. DCF Advisers LLC owned 0.06% of ARQ as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in ARQ during the 2nd quarter worth approximately $64,000. Renaissance Technologies LLC purchased a new position in ARQ during the second quarter worth about $81,000. Dimensional Fund Advisors LP bought a new position in ARQ in the 2nd quarter worth about $1,524,000. Perritt Capital Management Inc purchased a new stake in shares of ARQ in the 2nd quarter valued at about $367,000. Finally, AIGH Capital Management LLC bought a new stake in shares of ARQ during the 2nd quarter valued at about $13,002,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

ARQ Stock Up 1.0 %

ARQ stock opened at $6.17 on Friday. The company’s 50 day moving average is $6.24 and its 200 day moving average is $6.35. The stock has a market cap of $222.37 million, a price-to-earnings ratio of -22.85 and a beta of 1.41. The company has a current ratio of 2.68, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09. Arq, Inc. has a 1-year low of $1.50 and a 1-year high of $8.26.

ARQ (NASDAQ:ARQ) last issued its quarterly 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 in the previous year, the company earned ($0.21) EPS. Sell-side analysts predict that Arq, Inc. will post -0.12 EPS for the current fiscal year.

About ARQ

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.