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

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 shares were sold at an average price of $4.68, for a total transaction 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. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

ARQ Price Performance

Shares of ARQ stock traded down $0.09 during trading hours on Tuesday, hitting $4.54. 262,974 shares of the company’s stock were exchanged, compared to its average volume of 268,717. Arq, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $8.26. The firm has a market cap of $190.74 million, a P/E ratio of -454.00 and a beta of 1.47. 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 firm has a 50 day moving average of $5.67 and a two-hundred day moving average of $6.19.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $27.04 million during the quarter, compared to analysts’ expectations of $28.34 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same period in the prior year, the business posted $0.14 earnings per share. Sell-side analysts forecast that Arq, Inc. will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARQ. Firsthand Capital Management Inc. acquired a new stake in ARQ in the 3rd quarter worth about $40,000. Avanza Fonder AB acquired a new stake in shares of ARQ in the fourth quarter worth approximately $68,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of ARQ during the fourth quarter worth approximately $79,000. Intech Investment Management LLC acquired a new position in ARQ in the 4th quarter valued at $89,000. Finally, SG Americas Securities LLC purchased a new position in ARQ in the 4th quarter valued at $95,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Ratings Changes

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

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.