Arq, Inc. (NASDAQ:ARQ) CAO Sells $14,258.40 in Stock

Key Points

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Arq, Inc. (NASDAQ:ARQ - Get Free Report) CAO Stacia Hansen sold 2,742 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $5.20, for a total transaction of $14,258.40. Following the sale, the chief accounting officer owned 73,199 shares of the company's stock, valued at $380,634.80. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

ARQ Trading Up 23.7%

NASDAQ:ARQ traded up $1.28 during trading hours on Wednesday, reaching $6.69. 877,696 shares of the stock were exchanged, compared to its average volume of 175,464. The company has a market capitalization of $282.38 million, a price-to-earnings ratio of -133.80 and a beta of 1.78. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.11. The business has a 50-day moving average of $5.43 and a two-hundred day moving average of $5.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Fearnley Fonds upgraded ARQ to a "strong-buy" rating in a research report on Friday, June 27th. Craig Hallum assumed coverage on ARQ in a research report on Tuesday, July 15th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Canaccord Genuity Group decreased their price objective on ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Hedge Funds Weigh In On ARQ

A number of institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC purchased a new position in ARQ during the 4th quarter worth approximately $215,000. Millennium Management LLC grew its position in ARQ by 167.3% during the 4th quarter. Millennium Management LLC now owns 153,470 shares of the company's stock worth $1,162,000 after purchasing an additional 96,057 shares in the last quarter. Nuveen Asset Management LLC grew its position in ARQ by 838.8% during the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock worth $2,374,000 after purchasing an additional 280,210 shares in the last quarter. Wellington Management Group LLP purchased a new position in ARQ during the 4th quarter worth approximately $793,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ARQ by 65.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company's stock valued at $3,401,000 after buying an additional 177,550 shares during the period. 18.49% of the stock is owned by institutional investors and hedge funds.

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.

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