Jeremy Williamson Sells 5,233 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ) COO Jeremy Williamson sold 5,233 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $4.68, for a total value 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 approximately $649,111.32. This represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ARQ Stock Performance

Shares of ARQ opened at $4.54 on Wednesday. Arq, Inc. has a 52-week low of $4.01 and a 52-week high of $8.26. 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 market cap of $190.74 million, a price-to-earnings ratio of -454.00 and a beta of 1.47. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $6.18.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $27.04 million for the quarter, compared to the consensus estimate 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 firm posted $0.14 EPS. Analysts forecast that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On ARQ

A number of hedge funds have recently added to or reduced their stakes in ARQ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ARQ by 14.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company’s stock worth $119,000 after buying an additional 1,998 shares during the last quarter. Aristides Capital LLC boosted its holdings in shares of ARQ by 6.0% during the fourth quarter. Aristides Capital LLC now owns 73,649 shares of the company’s stock valued at $558,000 after acquiring an additional 4,200 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 4,545 shares during the period. Firsthand Capital Management Inc. bought a new stake in ARQ in the 3rd quarter valued at about $40,000. Finally, Wells Fargo & Company MN boosted 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 purchasing an additional 7,298 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced 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.

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.