Insider Selling: Arq, Inc. (NASDAQ:ARQ) Insider Sells $24,345.36 in Stock

Arq, Inc. (NASDAQ:ARQ) insider Claiborne Benson Smith sold 5,202 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 value of $24,345.36. Following the sale, the insider now directly owns 85,029 shares in the company, valued at approximately $397,935.72. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ARQ Stock Down 0.5 %

NASDAQ ARQ opened at $4.33 on Friday. The company has a market capitalization of $181.92 million, a P/E ratio of -433.00 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 current ratio of 2.89 and a quick ratio of 2.28. The company’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $6.16.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $27.04 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.14 EPS. Equities research analysts expect that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARQ

A number of institutional investors have recently bought and sold shares of ARQ. Firsthand Capital Management Inc. purchased a new stake in ARQ during the third quarter valued at about $40,000. State Street Corp raised its holdings in shares of ARQ by 19.6% during 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. Jane Street Group LLC raised its holdings in shares of ARQ by 130.6% during 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 during the period. Barclays PLC lifted its position in shares of ARQ by 286.9% in the 3rd 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. 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. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.