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 firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $24,345.36. Following the sale, the insider now owns 85,029 shares of the company’s stock, valued at $397,935.72. This represents a 5.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ARQ Stock Performance

ARQ stock traded down $0.09 during mid-day trading on Tuesday, reaching $4.54. 262,974 shares of the company were exchanged, compared to its average volume of 267,888. The firm’s 50-day simple moving average is $5.67 and its two-hundred day simple moving average is $6.19. Arq, Inc. has a twelve month low of $4.01 and a twelve month 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 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 issued its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting 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 company had revenue of $27.04 million during the quarter, compared to analysts’ expectations of $28.34 million. During the same period last year, the company posted $0.14 earnings per share. Equities analysts predict that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. increased its position in ARQ by 3,981.1% during the 4th 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. Nuveen Asset Management LLC boosted its stake in shares of ARQ by 838.8% during the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company’s stock valued at $2,374,000 after buying an additional 280,210 shares during the last quarter. 1492 Capital Management LLC boosted its holdings in ARQ by 152.7% in the fourth quarter. 1492 Capital Management LLC now owns 388,633 shares of the company’s stock worth $2,942,000 after purchasing an additional 234,832 shares during the period. Marshall Wace LLP boosted its holdings in shares of ARQ by 670.4% in the 4th quarter. Marshall Wace LLP now owns 213,400 shares of the company’s stock valued at $1,615,000 after buying an additional 185,700 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ARQ by 65.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company’s stock valued at $3,401,000 after purchasing an additional 177,550 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

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