Arq, Inc. (NASDAQ:ARQ) Insider Sells $24,345.36 in Stock

Arq, Inc. (NASDAQ:ARQ) insider Claiborne Benson Smith sold 5,202 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $24,345.36. Following the completion of the transaction, the insider now owns 85,029 shares in the company, valued at approximately $397,935.72. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ARQ Stock Performance

Shares of NASDAQ:ARQ opened at $4.35 on Thursday. The business has a fifty day moving average of $5.59 and a 200-day moving average of $6.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. Arq, Inc. has a twelve month low of $4.01 and a twelve month high of $8.26. The firm has a market cap of $182.76 million, a PE ratio of -435.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) 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). ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. The firm had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, equities research analysts predict that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Trading of ARQ

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in ARQ in the 4th quarter valued at $95,000. Geode Capital Management LLC lifted its stake in shares of ARQ by 0.8% during the third quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock valued at $3,502,000 after acquiring an additional 4,545 shares during the period. Barclays PLC boosted its holdings in ARQ by 286.9% in the third quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after acquiring an additional 24,731 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in ARQ by 128.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock worth $1,129,000 after purchasing an additional 83,784 shares during the period. Finally, State Street Corp raised its holdings 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 purchasing an additional 64,595 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on ARQ from $10.00 to $9.00 and set a “buy” rating on the stock in a 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.