Arq, Inc. (NASDAQ:ARQ) CTO Joseph M. Wong Sells 6,596 Shares of Stock

Arq, Inc. (NASDAQ:ARQ) CTO Joseph M. Wong sold 6,596 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $30,869.28. Following the sale, the chief technology officer now owns 354,790 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website.

ARQ Stock Performance

NASDAQ ARQ opened at $4.54 on Wednesday. The company’s 50 day simple moving average is $5.63 and its two-hundred day simple moving average is $6.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. Arq, Inc. has a 1 year low of $4.01 and a 1 year high of $8.26. The stock has a market capitalization of $190.74 million, a PE ratio of -454.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The company 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 business posted $0.14 earnings per share. Analysts predict that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ARQ

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of ARQ during the 4th quarter worth $793,000. York Capital Management Global Advisors LLC raised 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 in the last quarter. Two Sigma Investments LP lifted its stake in ARQ by 26.4% during the fourth quarter. Two Sigma Investments LP now owns 36,303 shares of the company’s stock worth $275,000 after purchasing an additional 7,589 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of ARQ by 838.8% in the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company’s stock worth $2,374,000 after purchasing an additional 280,210 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of ARQ during the 4th quarter valued at about $168,000. 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.