ArQule, Inc. (NASDAQ:ARQL) insider Value Fund L. P. Biotechnology sold 2,301,581 shares of ArQule stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink.
ARQL opened at $2.79 on Friday. ArQule, Inc. has a 1-year low of $0.92 and a 1-year high of $3.35. The company has a quick ratio of 4.98, a current ratio of 4.98 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $250.88, a price-to-earnings ratio of -7.15 and a beta of 0.83.
ArQule (NASDAQ:ARQL) last posted its quarterly earnings results on Monday, March 5th. The biotechnology company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). During the same quarter in the prior year, the company earned ($0.10) earnings per share. equities analysts predict that ArQule, Inc. will post -0.31 earnings per share for the current year.
A number of brokerages recently weighed in on ARQL. Leerink Swann raised shares of ArQule from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 5th. Zacks Investment Research downgraded shares of ArQule from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. BidaskClub downgraded shares of ArQule from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 7th. B. Riley set a $4.00 target price on shares of ArQule and gave the stock a “buy” rating in a research note on Monday, March 26th. Finally, ValuEngine raised shares of ArQule from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ArQule presently has an average rating of “Buy” and a consensus price target of $4.08.
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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.
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