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 ARQ stock in a transaction on Monday, August 4th. The stock was sold at an average price of $5.20, for a total value of $14,258.40. Following the transaction, the chief accounting officer directly owned 73,199 shares of the company's stock, valued at $380,634.80. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ARQ Trading Up 6.9%

ARQ traded up $0.43 during midday trading on Friday, hitting $6.62. The company's stock had a trading volume of 259,319 shares, compared to its average volume of 228,144. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 0.04. The firm has a market cap of $279.43 million, a P/E ratio of -132.40 and a beta of 1.78. The firm has a 50-day moving average price of $5.52 and a two-hundred day moving average price of $4.99. Arq, Inc. has a 52-week low of $3.34 and a 52-week high of $8.11.

Institutional Trading of ARQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARQ. Nisa Investment Advisors LLC purchased a new stake in shares of ARQ during the 2nd quarter worth about $25,000. Walleye Capital LLC purchased a new stake in shares of ARQ during the 1st quarter worth about $44,000. Avanza Fonder AB grew its holdings in shares of ARQ by 84.6% during the 1st quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock worth $70,000 after purchasing an additional 7,615 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of ARQ during the 4th quarter worth about $79,000. Finally, Maven Securities LTD purchased a new stake in shares of ARQ during the 4th quarter worth about $114,000. Hedge funds and other institutional investors own 18.49% of the company's stock.

Analysts Set New Price Targets

ARQ has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on shares of ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday. Craig Hallum initiated coverage on shares of ARQ in a research note on Tuesday, July 15th. They issued a "buy" rating and a $10.00 target price for the company. Finally, Fearnley Fonds raised shares of ARQ to a "strong-buy" rating in a research note on Friday, June 27th.

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.