Arq, Inc. (NASDAQ:ARQ - Get Free Report) CAO Stacia Hansen sold 3,557 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $16,646.76. Following the completion of the sale, the chief accounting officer now directly owns 75,941 shares of the company's stock, valued at approximately $355,403.88. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
ARQ Price Performance
Shares of ARQ stock 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 current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The stock has a market cap of $190.74 million, a PE ratio of -454.00 and a beta of 1.47. The company's 50-day moving average price is $5.63 and its two-hundred day moving average price is $6.18.
ARQ (NASDAQ:ARQ - Get Free Report) 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). The business 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 previous year, the firm earned $0.14 EPS. As a group, sell-side analysts anticipate that Arq, Inc. will post -0.13 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their target price on ARQ from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th.
View Our Latest Research Report on ARQ
Institutional Investors Weigh In On ARQ
Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of ARQ during the fourth quarter worth $793,000. York Capital Management Global Advisors LLC lifted its stake in ARQ by 6.6% during the fourth quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company's stock valued at $3,353,000 after buying an additional 27,324 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of ARQ by 26.4% in the fourth quarter. Two Sigma Investments LP now owns 36,303 shares of the company's stock worth $275,000 after buying an additional 7,589 shares during the period. Nuveen Asset Management LLC increased its position in shares of ARQ by 838.8% in the fourth quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock worth $2,374,000 after acquiring an additional 280,210 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of ARQ during the fourth quarter valued at approximately $168,000. 18.49% of the stock is owned by institutional investors.
About ARQ
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
