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 company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $24,345.36. Following the completion of the transaction, the insider now owns 85,029 shares in the company, valued at $397,935.72. This represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ARQ Price Performance

ARQ opened at $4.33 on Friday. The stock has a fifty day moving average price of $5.55 and a 200 day moving average price of $6.16. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. Arq, Inc. has a 1 year low of $4.01 and a 1 year high of $8.26. The stock has a market cap of $181.92 million, a price-to-earnings ratio of -433.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $28.34 million. During the same period in the previous year, the company earned $0.14 EPS. Analysts forecast that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of ARQ

Institutional investors have recently added to or reduced their stakes in the business. Firsthand Capital Management Inc. acquired a new position in shares of ARQ during the 3rd quarter worth $40,000. State Street Corp boosted its holdings in ARQ by 19.6% in the third quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after purchasing an additional 64,595 shares in the last quarter. Jane Street Group LLC increased its position in ARQ by 130.6% during the third quarter. Jane Street Group LLC now owns 30,436 shares of the company’s stock worth $179,000 after buying an additional 17,240 shares during the last quarter. Barclays PLC raised its holdings in ARQ by 286.9% during the third quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after buying an additional 24,731 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in ARQ by 0.8% in the 3rd 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 last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.