ArQule (ARQL) Downgraded to Buy at BidaskClub

BidaskClub downgraded shares of ArQule (NASDAQ:ARQL) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Several other equities analysts have also weighed in on the company. Needham & Company LLC upgraded ArQule from a hold rating to a buy rating in a research note on Thursday, December 14th. Leerink Swann upgraded ArQule from a market perform rating to an outperform rating in a research note on Thursday. Zacks Investment Research lowered ArQule from a buy rating to a hold rating in a research note on Wednesday, March 21st. Roth Capital initiated coverage on ArQule in a research note on Thursday, February 22nd. They issued a buy rating and a $5.00 price target for the company. Finally, B. Riley initiated coverage on ArQule in a research note on Friday, February 2nd. They issued a buy rating and a $3.00 price target for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $4.08.

How to Become a New Pot Stock Millionaire

Shares of ArQule stock opened at $2.85 on Friday. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 1.03. ArQule has a twelve month low of $0.92 and a twelve month high of $3.35.

ArQule (NASDAQ:ARQL) last announced its quarterly earnings results on Monday, March 5th. The biotechnology company reported ($0.09) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). During the same period in the previous year, the business posted ($0.10) earnings per share. research analysts predict that ArQule will post -0.31 EPS for the current year.

In other ArQule news, insider Value Fund L. P. Biotechnology sold 2,301,581 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $2.90, for a total transaction of $6,674,584.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.00% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of ARQL. Millennium Management LLC purchased a new stake in ArQule during the 4th quarter worth approximately $165,000. Northern Trust Corp increased its stake in ArQule by 0.9% during the 2nd quarter. Northern Trust Corp now owns 154,513 shares of the biotechnology company’s stock worth $192,000 after buying an additional 1,385 shares in the last quarter. Virtu Financial LLC increased its stake in ArQule by 343.8% during the 4th quarter. Virtu Financial LLC now owns 129,038 shares of the biotechnology company’s stock worth $213,000 after buying an additional 99,964 shares in the last quarter. Deutsche Bank AG purchased a new stake in ArQule during the 4th quarter worth approximately $390,000. Finally, Point72 Asset Management L.P. purchased a new stake in ArQule during the 3rd quarter worth approximately $2,220,000. Institutional investors own 67.08% of the company’s stock.

WARNING: This article was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/arqule-arql-downgraded-to-buy-at-bidaskclub.html.

ArQule Company Profile

ArQule, Inc, a biopharmaceutical company, researches and develops therapeutics for the treatment of cancer and rare diseases in the United States. Its lead product candidate is tivantinib (ARQ 197), a small molecule inhibitor of the c-Met receptor tyrosine kinase and its biological pathway, which is in Phase III clinical trial for the treatment of liver cancer.

Receive News & Ratings for ArQule Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArQule and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply