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

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 shares of the company’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 $24,490.44. Following the completion of the sale, the chief operating officer now directly owns 138,699 shares in the company, valued at $649,111.32. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ARQ Trading Down 1.9 %

Shares of ARQ stock opened at $4.54 on Wednesday. Arq, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $8.26. The business’s fifty day moving average is $5.63 and its two-hundred day moving average is $6.18. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm has a market cap of $190.74 million, a PE ratio of -454.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company 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 quarter in the previous year, the business earned $0.14 EPS. Analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ARQ

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in shares of ARQ during the 4th quarter worth $793,000. York Capital Management Global Advisors LLC grew its position in ARQ by 6.6% during the fourth 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. Two Sigma Investments LP increased its stake in ARQ by 26.4% during the fourth quarter. Two Sigma Investments LP now owns 36,303 shares of the company’s stock worth $275,000 after acquiring an additional 7,589 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of ARQ by 838.8% in the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company’s stock worth $2,374,000 after purchasing an additional 280,210 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of ARQ in the 4th quarter valued at about $168,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

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.