Jeremy Williamson Sells 5,233 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) COO Jeremy Williamson sold 5,233 shares of the firm's stock in a transaction dated 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 owns 138,699 shares of the company's stock, valued at approximately $649,111.32. The trade was a 3.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ARQ Price Performance

Shares of ARQ stock traded down $0.15 on Friday, reaching $4.18. The company's stock had a trading volume of 291,096 shares, compared to its average volume of 265,553. The stock's fifty day simple moving average is $5.50 and its 200-day simple moving average is $6.15. Arq, Inc. has a 1 year low of $4.01 and a 1 year high of $8.26. The company has a market capitalization of $175.62 million, a price-to-earnings ratio of -418.00 and a beta of 1.47. 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 (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates 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 net margin of 0.44% and a negative return on equity of 0.25%. During the same period last year, the company posted $0.14 EPS. Analysts forecast that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ARQ

Institutional investors have recently modified their holdings of the stock. Firsthand Capital Management Inc. bought a new position in shares of ARQ during the 3rd quarter valued at approximately $40,000. State Street Corp increased its position in ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company's stock valued at $2,317,000 after acquiring an additional 64,595 shares during the last quarter. Jane Street Group LLC raised its stake 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 acquiring an additional 17,240 shares during the period. Barclays PLC lifted its holdings in shares of ARQ by 286.9% in the 3rd quarter. Barclays PLC now owns 33,350 shares of the company's stock worth $196,000 after acquiring an additional 24,731 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of ARQ by 0.8% during the 3rd 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 owned by institutional investors.

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.