Arq, Inc. (NASDAQ:ARQ) CAO Stacia Hansen Sells 3,557 Shares of Stock

Arq, Inc. (NASDAQ:ARQ) CAO Stacia Hansen sold 3,557 shares of the firm’s stock in a transaction 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 owns 75,941 shares in the company, valued at $355,403.88. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ARQ Stock Performance

Shares of ARQ stock opened at $4.54 on Wednesday. The company has a market cap of $190.74 million, a P/E ratio of -454.00 and a beta of 1.47. The business has a 50 day moving average of $5.63 and a two-hundred day moving average of $6.18. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08.

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). The firm had revenue of $27.04 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.14 EPS. As a group, analysts anticipate that Arq, Inc. will post -0.13 EPS for the current year.

Institutional Trading of ARQ

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in ARQ during the 4th quarter valued at about $95,000. Geode Capital Management LLC boosted its position 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 worth $3,502,000 after buying an additional 4,545 shares during the period. Barclays PLC grew its holdings in ARQ by 286.9% in the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after buying an additional 24,731 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in ARQ by 128.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock valued at $1,129,000 after acquiring an additional 83,784 shares during the period. Finally, State Street Corp raised its stake in ARQ by 19.6% during the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock valued at $2,317,000 after acquiring an additional 64,595 shares in the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of 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.