Arq, Inc. (NASDAQ:ARQ) CTO Sells $30,869.28 in Stock

Arq, Inc. (NASDAQ:ARQ) CTO Joseph M. Wong sold 6,596 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $30,869.28. Following the transaction, the chief technology officer now owns 354,790 shares in the company, valued at $1,660,417.20. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ARQ Stock Down 0.5 %

Shares of ARQ stock opened at $4.33 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The company has a market cap of $181.92 million, a P/E ratio of -433.00 and a beta of 1.47. The firm’s 50 day moving average price is $5.55 and its 200-day moving average price is $6.16. Arq, Inc. has a 52-week low of $4.01 and a 52-week high of $8.26.

ARQ (NASDAQ:ARQ) last announced its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $27.04 million for 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 period in the previous year, the business earned $0.14 EPS. On average, sell-side analysts predict that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ARQ

Several large investors have recently added to or reduced their stakes in ARQ. Wellington Management Group LLP acquired a new stake in ARQ during the 4th quarter valued at approximately $793,000. York Capital Management Global Advisors LLC lifted its position in ARQ by 6.6% during the fourth quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company’s stock valued at $3,353,000 after purchasing an additional 27,324 shares during the period. Two Sigma Investments LP boosted its holdings in ARQ by 26.4% in the fourth quarter. Two Sigma Investments LP now owns 36,303 shares of the company’s stock valued at $275,000 after purchasing an additional 7,589 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in ARQ by 838.8% in the fourth quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company’s stock valued at $2,374,000 after purchasing an additional 280,210 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of ARQ during the 4th quarter valued at about $168,000. 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.