ValuEngine upgraded shares of ArQule, Inc. (NASDAQ:ARQL) from a strong sell rating to a sell rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded shares of ArQule from a hold rating to a buy rating and set a $1.25 target price on the stock in a report on Thursday, September 28th.

Shares of ArQule (NASDAQ:ARQL) opened at $1.40 on Friday. ArQule has a fifty-two week low of $0.92 and a fifty-two week high of $1.68. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.45 and a quick ratio of 3.45.

ArQule (NASDAQ:ARQL) last released its earnings results on Thursday, November 9th. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. During the same quarter last year, the business earned ($0.08) EPS. equities research analysts expect that ArQule will post -0.39 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of ArQule in the 3rd quarter valued at $2,220,000. First Eagle Investment Management LLC raised its holdings in shares of ArQule by 5.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 12,438,996 shares of the biotechnology company’s stock valued at $13,807,000 after purchasing an additional 591,421 shares in the last quarter. Curbstone Financial Management Corp raised its holdings in shares of ArQule by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 104,572 shares of the biotechnology company’s stock valued at $116,000 after purchasing an additional 52,286 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of ArQule by 0.9% in the 2nd quarter. Northern Trust Corp now owns 154,513 shares of the biotechnology company’s stock valued at $192,000 after purchasing an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 50.49% of the company’s stock.

ArQule Company Profile

ArQule, Inc is a biopharmaceutical company. The Company is engaged in the research and development of therapeutics to treat cancers and rare diseases. These drugs focuses on the biological pathways implicated in a range of cancers and certain non-oncology indications. Its clinical-stage pipeline consists of over four drug candidates, all of which are in targeted patient populations.

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