ARQ (NASDAQ:ARQ) Shares Down 0.8% - Here's Why

Arq, Inc. (NASDAQ:ARQ - Get Free Report) fell 0.8% during 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.

Analysts Set New Price Targets

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

ARQ Stock Down 0.7%

The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $4.95 and a 200 day simple moving average of $5.14. The stock has a market cap of $241.86 million, a price-to-earnings ratio of -114.60 and a beta of 1.70.

Insider Buying and Selling at ARQ

In related news, Director Jeremy Blank bought 50,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $4.10 per share, for a total transaction of $205,000.00. Following the completion of the acquisition, the director directly owned 374,955 shares of the company's stock, valued at $1,537,315.50. This trade represents a 15.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert E. Rasmus bought 25,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.10 per share, for a total transaction of $102,500.00. Following the acquisition, the chief executive officer directly owned 480,782 shares of the company's stock, valued at approximately $1,971,206.20. This represents a 5.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 165,856 shares of company stock valued at $677,555. Company insiders own 23.89% of the company's stock.

Institutional Trading of ARQ

A number of hedge funds have recently bought and sold shares of ARQ. Walleye Capital LLC bought a new stake in shares of ARQ in the first quarter valued at $44,000. Avanza Fonder AB raised its stake in shares of ARQ by 84.6% in the first quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock valued at $70,000 after buying an additional 7,615 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of ARQ in the fourth quarter valued at $79,000. Intech Investment Management LLC bought a new stake in shares of ARQ in the fourth quarter valued at $89,000. Finally, Maven Securities LTD bought a new stake in shares of ARQ in the fourth quarter valued at $114,000. 18.49% of the stock is currently owned by institutional investors.

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.