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

Arq, Inc. (NASDAQ:ARQ) CAO Stacia Hansen sold 3,557 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 transaction of $16,646.76. Following the sale, the chief accounting officer now directly owns 75,941 shares of the company’s stock, valued at $355,403.88. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ARQ Price Performance

Shares of ARQ stock opened at $4.33 on Friday. The stock has a market cap of $181.92 million, a P/E ratio of -433.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The stock’s fifty day moving average is $5.55 and its 200 day moving average is $6.16. Arq, Inc. has a one year low of $4.01 and a one year high of $8.26.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting 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 the consensus estimate of $28.34 million. During the same quarter last year, the company earned $0.14 earnings per share. Sell-side analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ARQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Firsthand Capital Management Inc. purchased a new position in ARQ during the third quarter valued at approximately $40,000. State Street Corp lifted its stake in shares of 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 buying an additional 64,595 shares in the last quarter. Jane Street Group LLC boosted its holdings in ARQ by 130.6% in the 3rd 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 period. Barclays PLC increased its stake 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. Finally, Geode Capital Management LLC increased 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 buying an additional 4,545 shares in the last quarter. Institutional investors own 18.49% of the company’s stock.

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.