Arq Inc (NASDAQ:ARQ) shares traded -7.48% lower at $6.31 on Wall Street last session.
ARQ stock price is now -9.90% away from the 50-day moving average and -3.43% away from the 200-day moving average. The market capitalization of the company currently stands at $265.22M.
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With the price target of $10, Canaccord Genuity recently initiated with Buy rating for Arq Inc (NASDAQ: ARQ). On February 06, 2017, Rodman & Renshaw recently initiated its ‘Buy’ rating on the stock quoting a target price of $18
In other news, Rasmus Robert E., Chief Executive Officer bought 25,000 shares of the company’s stock on Sep 23 ’24. The stock was bought for $131,250 at an average price of $5.25. Upon completion of the transaction, the Chief Executive Officer now directly owns 450,792 shares in the company, valued at $2.84 million. A total of 18.65% of the company’s stock is owned by insiders.
During the past 12 months, Arq Inc has had a low of $2.50 and a high of $8.26. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 2.89, and a quick ratio of 2.28. The fifty day moving average price for ARQ is $7.004 and a two-hundred day moving average price translates $6.534 for the stock.
The latest earnings results from Arq Inc (NASDAQ: ARQ) was released for 2024-09-30. The net profit margin was -0.44% and return on equity was -0.24% for ARQ. The company reported revenue of $34.77 million for the quarter, compared to $29.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.58 percent.
