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

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was 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 owns 138,699 shares of the company’s stock, valued at $649,111.32. This trade represents a 3.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ARQ Stock Performance

Shares of NASDAQ:ARQ opened at $4.33 on Friday. The firm has a 50 day moving average of $5.55 and a 200 day moving average of $6.16. 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 capitalization of $181.92 million, a price-to-earnings ratio of -433.00 and a beta of 1.47. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26.

ARQ (NASDAQ:ARQ) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The firm had revenue of $27.04 million during the quarter, compared to analyst estimates of $28.34 million. During the same period in the previous year, the company posted $0.14 EPS. On average, sell-side 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 cut their price target on shares of ARQ from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th.

Institutional Trading of ARQ

Hedge funds have recently modified their holdings of the company. Firsthand Capital Management Inc. purchased a new position in shares of ARQ in the 3rd quarter worth approximately $40,000. State Street Corp lifted its position in 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 last quarter. Jane Street Group LLC boosted its stake in ARQ by 130.6% in 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 in the last quarter. Barclays PLC grew its holdings in ARQ by 286.9% in the third quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after purchasing an additional 24,731 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in ARQ by 0.8% in the third 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 last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

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.