Arq, Inc. (NASDAQ:ARQ) Director Richard Campbell-Breeden Purchases 75,000 Shares

Arq, Inc. (NASDAQ:ARQ - Get Free Report) Director Richard Campbell-Breeden purchased 75,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $4.10 per share, with a total value of $307,500.00. Following the completion of the purchase, the director now directly owns 226,148 shares in the company, valued at $927,206.80. This trade represents a 49.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ARQ Price Performance

Shares of NASDAQ:ARQ traded down $0.14 during mid-day trading on Friday, reaching $4.95. The stock had a trading volume of 249,295 shares, compared to its average volume of 262,667. The business's 50 day moving average price is $4.01 and its 200 day moving average price is $5.57. Arq, Inc. has a 1 year low of $3.34 and a 1 year high of $8.11. The company has a market cap of $208.94 million, a P/E ratio of -495.00 and a beta of 1.51. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08.

ARQ (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (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 return on equity of 0.25% and a negative net margin of 0.44%. During the same quarter in the previous year, the company posted $0.14 EPS. Research analysts expect that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On ARQ

Several large investors have recently bought and sold shares of ARQ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ARQ by 14.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company's stock valued at $119,000 after purchasing an additional 1,998 shares during the last quarter. Aristides Capital LLC raised its position in shares of ARQ by 6.0% during the 4th quarter. Aristides Capital LLC now owns 73,649 shares of the company's stock valued at $558,000 after buying an additional 4,200 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ARQ by 66.9% in the 4th quarter. Wells Fargo & Company MN now owns 18,209 shares of the company's stock valued at $138,000 after acquiring an additional 7,298 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of ARQ by 26.4% in the 4th quarter. Two Sigma Investments LP now owns 36,303 shares of the company's stock valued at $275,000 after acquiring an additional 7,589 shares during the last quarter. Finally, Avanza Fonder AB grew its position in ARQ by 84.6% in the first quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock worth $70,000 after acquiring an additional 7,615 shares in the last quarter. Institutional investors own 18.49% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target on shares of ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

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.