Insider Buying: Arq, Inc. (NASDAQ:ARQ) CEO Acquires 25,000 Shares of Stock

Arq, Inc. (NASDAQ:ARQ) CEO Robert E. Rasmus bought 25,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $5.25 per share, for a total transaction of $131,250.00. Following the purchase, the chief executive officer now owns 450,792 shares in the company, valued at approximately $2,366,658. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ARQ Stock Performance

Shares of NASDAQ ARQ opened at $5.18 on Tuesday. The stock has a market cap of $186.69 million, a PE 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 firm has a fifty day moving average price of $6.19 and a 200-day moving average price of $6.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.83.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (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 quarter in the previous year, the company posted ($0.21) EPS. Equities analysts anticipate that Arq, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of ARQ

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

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.