Insider Selling: Arq, Inc. (NASDAQ:ARQ) COO Sells 5,233 Shares of Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) COO Jeremy Williamson sold 5,233 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $24,490.44. Following the transaction, the chief operating officer now directly owns 138,699 shares in the company, valued at $649,111.32. The trade was a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

ARQ Stock Down 3.5 %

NASDAQ ARQ traded down $0.15 on Friday, reaching $4.18. The stock had a trading volume of 291,096 shares, compared to its average volume of 265,553. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. Arq, Inc. has a 1 year low of $4.01 and a 1 year high of $8.26. The business has a 50 day moving average price of $5.50 and a 200 day moving average price of $6.15. The company has a market capitalization of $175.62 million, a price-to-earnings ratio of -418.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $27.04 million during the quarter, compared to analysts' expectations of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts forecast that Arq, Inc. will post -0.13 EPS for the current fiscal year.

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Institutional Investors Weigh In On ARQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Firsthand Capital Management Inc. acquired a new position in ARQ in the 3rd quarter valued at $40,000. State Street Corp lifted its position in ARQ by 19.6% during the 3rd quarter. State Street Corp now owns 394,751 shares of the company's stock worth $2,317,000 after acquiring an additional 64,595 shares during the last quarter. Jane Street Group LLC grew its position in shares of ARQ by 130.6% in the third quarter. Jane Street Group LLC now owns 30,436 shares of the company's stock valued at $179,000 after purchasing an additional 17,240 shares during the last quarter. Barclays PLC increased its stake in shares of ARQ by 286.9% in the third quarter. Barclays PLC now owns 33,350 shares of the company's stock worth $196,000 after purchasing an additional 24,731 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of ARQ by 0.8% in the third quarter. Geode Capital Management LLC now owns 596,468 shares of the company's stock worth $3,502,000 after purchasing an additional 4,545 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on shares of ARQ from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.