Insider Selling: Arq, Inc. (NASDAQ:ARQ) CTO Sells 6,596 Shares of Stock

Arq, Inc. (NASDAQ:ARQ) CTO Joseph M. Wong sold 6,596 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the transaction, the chief technology officer now owns 354,790 shares of the company’s stock, valued at approximately $1,660,417.20. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

ARQ Trading Down 0.5 %

Shares of ARQ stock opened at $4.33 on Friday. Arq, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $8.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The stock’s fifty day moving average is $5.55 and its two-hundred day moving average is $6.16. The firm has a market capitalization of $181.92 million, a P/E ratio of -433.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $27.04 million for the quarter, compared to the consensus estimate 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 firm posted $0.14 earnings per share. Research analysts expect that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On ARQ

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in ARQ by 3,981.1% during the fourth quarter. Invesco Ltd. now owns 708,324 shares of the company’s stock worth $5,362,000 after purchasing an additional 690,968 shares in the last quarter. Geode Capital Management LLC lifted its stake in ARQ by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 664,430 shares of the company’s stock worth $5,031,000 after acquiring an additional 67,962 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ARQ by 65.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company’s stock valued at $3,401,000 after acquiring an additional 177,550 shares during the period. York Capital Management Global Advisors LLC boosted its holdings in ARQ by 6.6% during the 4th quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company’s stock valued at $3,353,000 after acquiring an additional 27,324 shares during the period. Finally, State Street Corp increased its stake in ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after purchasing an additional 64,595 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.