Arq, Inc. (NASDAQ:ARQ) COO Sells $24,490.44 in Stock

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 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 $24,490.44. Following the completion of the sale, the chief operating officer now directly owns 138,699 shares of the company’s stock, valued at $649,111.32. This represents a 3.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

ARQ Trading Down 1.9 %

Shares of NASDAQ:ARQ traded down $0.09 during trading on Tuesday, reaching $4.54. 262,974 shares of the stock were exchanged, compared to its average volume of 267,888. The firm’s 50-day moving average price is $5.67 and its 200 day moving average price is $6.19. The firm has a market cap of $190.74 million, a price-to-earnings ratio of -454.00 and a beta of 1.47. Arq, Inc. has a 12-month low of $4.01 and a 12-month high of $8.26. 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 (NASDAQ:ARQ) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $27.04 million for the quarter, compared to analysts’ expectations of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same period last year, the business posted $0.14 earnings per share. On average, sell-side analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased 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.

Institutional Trading of ARQ

A number of hedge funds have recently modified their holdings of ARQ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ARQ by 14.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company’s stock worth $119,000 after acquiring an additional 1,998 shares during the period. Aristides Capital LLC raised its position in shares of ARQ by 6.0% during the fourth quarter. Aristides Capital LLC now owns 73,649 shares of the company’s stock worth $558,000 after acquiring an additional 4,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of ARQ by 0.8% in 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 during the period. Firsthand Capital Management Inc. acquired a new position in ARQ during the third quarter valued at approximately $40,000. Finally, Wells Fargo & Company MN grew its position in shares of ARQ by 66.9% in the 4th quarter. Wells Fargo & Company MN now owns 18,209 shares of the company’s stock valued at $138,000 after purchasing an additional 7,298 shares during the period. Hedge funds and other 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.