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

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 shares of ARQ stock in a transaction that occurred on 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 owns 138,699 shares of the company’s stock, valued at approximately $649,111.32. The trade was a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

ARQ Stock Performance

ARQ traded down $0.09 during trading hours on Tuesday, hitting $4.54. The stock had a trading volume of 262,974 shares, compared to its average volume of 267,888. The stock has a market cap of $190.74 million, a PE ratio of -454.00 and a beta of 1.47. The company’s fifty day simple moving average is $5.67 and its 200 day simple moving average is $6.19. Arq, Inc. has a 1 year low of $4.01 and a 1 year 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) 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 firm had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. During the same period in the prior year, the company earned $0.14 EPS. Equities analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current year.

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.

Institutional Inflows and Outflows

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

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.