Arq, Inc. (NASDAQ:ARQ) CAO Sells $16,646.76 in Stock

Arq, Inc. (NASDAQ:ARQ) CAO Stacia Hansen sold 3,557 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $16,646.76. Following the transaction, the chief accounting officer now directly owns 75,941 shares of the company’s stock, valued at approximately $355,403.88. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ARQ Price Performance

Shares of NASDAQ:ARQ traded down $0.09 during trading on Tuesday, hitting $4.54. 262,974 shares of the stock were exchanged, compared to its average volume of 267,888. The company has a market cap of $190.74 million, a PE ratio of -454.00 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. The company has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $6.19. Arq, Inc. has a 12-month low of $4.01 and a 12-month high of $8.26.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $28.34 million. During the same period last year, the firm posted $0.14 EPS. On average, analysts forecast that Arq, Inc. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On ARQ

Several hedge funds have recently made changes to their positions in the business. Firsthand Capital Management Inc. purchased a new position in ARQ during the third quarter worth about $40,000. State Street Corp lifted its holdings in shares of 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 period. Jane Street Group LLC grew its holdings in 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 period. Barclays PLC raised its stake in ARQ by 286.9% during 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 raised its stake in ARQ by 0.8% during 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. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analysts Set New Price Targets

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