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

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $24,490.44. Following the sale, the chief operating officer now directly owns 138,699 shares in the company, valued at approximately $649,111.32. This represents a 3.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ARQ Stock Down 0.5 %

Shares of ARQ stock opened at $4.33 on Friday. 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 capitalization of $181.92 million, a PE ratio of -433.00 and a beta of 1.47. The stock’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $6.16.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of ARQ during the 4th quarter valued at about $95,000. Geode Capital Management LLC grew its holdings in ARQ by 0.8% during the third quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock worth $3,502,000 after acquiring an additional 4,545 shares during the period. Barclays PLC raised its position 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 acquiring an additional 24,731 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 valued at $1,129,000 after acquiring an additional 83,784 shares during the period. 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 valued at $2,317,000 after acquiring an additional 64,595 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price objective 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.

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.