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 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 $24,345.36. Following the transaction, the insider now owns 85,029 shares in the company, valued at $397,935.72. The trade was a 5.77 % 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 Performance

Shares of NASDAQ:ARQ traded down $0.09 on Tuesday, hitting $4.54. 262,974 shares of the company were exchanged, compared to its average volume of 267,888. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $5.67 and its 200 day moving average price is $6.19. Arq, Inc. has a 1-year low of $4.01 and a 1-year high of $8.26. The firm has a market capitalization of $190.74 million, a P/E ratio of -454.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ) last released 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 firm had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Sell-side analysts predict that Arq, Inc. will post -0.13 EPS for the current year.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently modified their holdings of ARQ. Firsthand Capital Management Inc. purchased a new position in ARQ during the third quarter valued at approximately $40,000. State Street Corp boosted its stake in shares of ARQ by 19.6% during the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after acquiring an additional 64,595 shares in the last quarter. Jane Street Group LLC increased its stake in shares of ARQ by 130.6% in the 3rd quarter. Jane Street Group LLC now owns 30,436 shares of the company’s stock valued at $179,000 after purchasing an additional 17,240 shares in the last quarter. Barclays PLC grew its stake in 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 during the period. Finally, Geode Capital Management LLC increased its stake in shares of ARQ by 0.8% during 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 in the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Ratings Changes

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

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.