ARQ (NASDAQ:ARQ) Stock Price Down 0.8% - Should You Sell?

Arq, Inc. (NASDAQ:ARQ - Get Free Report)'s share price fell 0.8% during mid-day trading on Wednesday . The stock traded as low as $5.96 and last traded at $5.97. 122,434 shares were traded during trading, a decline of 50% from the average session volume of 246,360 shares. The stock had previously closed at $6.02.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARQ. Fearnley Fonds raised ARQ to a "strong-buy" rating in a research report on Friday, June 27th. Canaccord Genuity Group decreased their price objective on ARQ from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

ARQ Trading Down 3.4%

The firm has a fifty day moving average of $4.88 and a two-hundred day moving average of $5.17. The company has a market cap of $243.56 million, a PE ratio of -115.40 and a beta of 1.70. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In related news, Director Jeremy Blank bought 50,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $4.10 per share, for a total transaction of $205,000.00. Following the purchase, the director directly owned 374,955 shares in the company, valued at $1,537,315.50. This trade represents a 15.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Campbell-Breeden bought 75,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $4.10 per share, with a total value of $307,500.00. Following the purchase, the director owned 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 disclosure for this purchase can be found here. In the last 90 days, insiders bought 165,856 shares of company stock valued at $677,555. 23.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC bought a new stake in shares of ARQ during the 1st quarter valued at about $44,000. Avanza Fonder AB lifted its position in ARQ by 84.6% in the 1st quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock worth $70,000 after buying an additional 7,615 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in ARQ in the 4th quarter worth approximately $79,000. Intech Investment Management LLC bought a new stake in ARQ in the 4th quarter worth approximately $89,000. Finally, Maven Securities LTD bought a new stake in ARQ in the 4th quarter worth approximately $114,000. Institutional investors own 18.49% of the company's stock.

About ARQ

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.