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

Arq, Inc. (NASDAQ:ARQ) CAO Stacia Hansen sold 3,557 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ARQ Stock Down 1.9 %

ARQ stock traded down $0.09 during trading on Tuesday, reaching $4.54. The stock had a trading volume of 262,974 shares, compared to its average volume of 267,888. Arq, Inc. has a 52-week low of $4.01 and a 52-week high of $8.26. The business has a 50 day moving average price of $5.67 and a 200 day moving average price of $6.19. 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 stock has a market cap of $190.74 million, a PE ratio of -454.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. During the same quarter in the prior year, the business posted $0.14 EPS. On average, analysts predict that Arq, Inc. will post -0.13 EPS for the current year.

Institutional Trading of ARQ

Several institutional investors have recently modified their holdings of the stock. Firsthand Capital Management Inc. acquired a new stake in ARQ during the 3rd quarter worth $40,000. Avanza Fonder AB purchased a new position in ARQ during the 4th quarter worth approximately $68,000. Price T Rowe Associates Inc. MD purchased a new position in shares of ARQ during the fourth quarter worth approximately $79,000. Intech Investment Management LLC acquired a new stake in ARQ during the 4th quarter worth $89,000. Finally, SG Americas Securities LLC acquired a new position in ARQ in the fourth quarter valued at $95,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

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