Arq, Inc. (NASDAQ:ARQ) CTO Joseph M. Wong Sells 6,596 Shares

Arq, Inc. (NASDAQ:ARQ) CTO Joseph M. Wong sold 6,596 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the sale, the chief technology officer now directly owns 354,790 shares of the company’s stock, valued at $1,660,417.20. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ARQ Stock Performance

NASDAQ:ARQ opened at $4.54 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. Arq, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $8.26. The firm has a market cap of $190.74 million, a PE ratio of -454.00 and a beta of 1.47. The business has a 50 day moving average price of $5.63 and a 200-day moving average price of $6.18.

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

Analysts Set New Price Targets

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

Institutional Trading of ARQ

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in ARQ in the fourth quarter valued at $95,000. Geode Capital Management LLC boosted its stake in shares of ARQ by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock valued at $3,502,000 after purchasing an additional 4,545 shares in the last quarter. Barclays PLC increased its position in shares of 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in ARQ by 128.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock worth $1,129,000 after buying an additional 83,784 shares in the last quarter. Finally, State Street Corp lifted 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 buying an additional 64,595 shares during the period. 18.49% of the stock is owned by institutional investors.

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.