Arq, Inc. (NASDAQ:ARQ) CAO Sells $16,646.76 in Stock

Arq, Inc. (NASDAQ:ARQ) CAO Stacia Hansen sold 3,557 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $16,646.76. Following the completion of the sale, the chief accounting officer now directly owns 75,941 shares in the company, valued at approximately $355,403.88. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

ARQ Trading Down 0.5 %

Shares of NASDAQ ARQ opened at $4.33 on Friday. Arq, Inc. has a 52-week low of $4.01 and a 52-week high of $8.26. The company has a market cap of $181.92 million, a PE 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. 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 posted its earnings results on Wednesday, March 5th. The company reported ($0.03) 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 business had revenue of $27.04 million during the quarter, compared to analyst estimates of $28.34 million. During the same quarter last year, the company earned $0.14 EPS. On average, equities research analysts expect that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On ARQ

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ARQ by 14.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company’s stock valued at $119,000 after acquiring an additional 1,998 shares during the last quarter. Aristides Capital LLC boosted its holdings in ARQ by 6.0% in the fourth quarter. Aristides Capital LLC now owns 73,649 shares of the company’s stock worth $558,000 after purchasing an additional 4,200 shares during the last quarter. Geode Capital Management LLC grew its position 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. Firsthand Capital Management Inc. bought a new stake in ARQ in the 3rd quarter worth approximately $40,000. Finally, Wells Fargo & Company MN raised its stake in ARQ by 66.9% during the 4th quarter. Wells Fargo & Company MN now owns 18,209 shares of the company’s stock valued at $138,000 after buying an additional 7,298 shares during the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

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.