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

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

ARQ Price Performance

ARQ stock opened at $5.47 on Thursday. The company has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $6.42. The firm has a market capitalization of $199.71 million, a P/E ratio of -20.26 and a beta of 1.41. 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, Inc. has a 52 week low of $1.50 and a 52 week high of $8.26.

ARQ (NASDAQ:ARQ) last released its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm 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 quarter last year, the business posted ($0.21) EPS. Analysts anticipate that Arq, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARQ

Institutional investors have recently made changes to their positions in the company. AIGH Capital Management LLC bought a new stake in ARQ during the 2nd quarter valued at about $13,002,000. Perritt Capital Management Inc bought a new stake in ARQ during the 2nd quarter valued at about $367,000. Dimensional Fund Advisors LP bought a new stake in ARQ during the 2nd quarter valued at about $1,524,000. Renaissance Technologies LLC bought a new stake in ARQ during the 2nd quarter valued at about $81,000. Finally, XTX Topco Ltd bought a new stake in ARQ during the 2nd quarter valued at about $64,000. Institutional investors own 18.49% of the company’s stock.

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.