Stacia Hansen Sells 3,557 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) CAO Stacia Hansen sold 3,557 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $16,646.76. Following the completion of the sale, the chief accounting officer now owns 75,941 shares of the company's stock, valued at $355,403.88. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ARQ Price Performance

ARQ stock traded down $0.15 during trading on Friday, hitting $4.18. The stock had a trading volume of 291,096 shares, compared to its average volume of 265,553. The company's 50-day moving average price is $5.50 and its two-hundred day moving average price is $6.15. Arq, Inc. has a twelve month low of $4.01 and a twelve month high of $8.26. The stock has a market capitalization of $175.62 million, a P/E ratio of -418.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm 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 period in the previous year, the business earned $0.14 earnings per share. As a group, research analysts predict that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ARQ. SG Americas Securities LLC purchased a new position in shares of ARQ during the 4th quarter worth $95,000. Geode Capital Management LLC boosted its holdings in ARQ by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company's stock valued at $3,502,000 after purchasing an additional 4,545 shares during the last quarter. Barclays PLC grew its stake in shares of ARQ by 286.9% in the 3rd quarter. Barclays PLC now owns 33,350 shares of the company's stock valued at $196,000 after buying an additional 24,731 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of ARQ by 128.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company's stock worth $1,129,000 after buying an additional 83,784 shares during the last quarter. Finally, State Street Corp raised its position in shares of ARQ by 19.6% during the 3rd quarter. State Street Corp now owns 394,751 shares of the company's stock valued at $2,317,000 after buying an additional 64,595 shares during the period. 18.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price objective 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.

ARQ Company Profile

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.