Arq, Inc. (NASDAQ:ARQ) CEO Robert E. Rasmus Purchases 25,000 Shares

Arq, Inc. (NASDAQ:ARQ - Get Free Report) CEO Robert E. Rasmus acquired 25,000 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, for a total transaction of $102,500.00. Following the purchase, the chief executive officer now directly owns 480,782 shares of the company's stock, valued at approximately $1,971,206.20. This trade represents a 5.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ARQ Price Performance

Shares of ARQ stock traded up $0.17 during trading hours on Monday, reaching $5.11. The company's stock had a trading volume of 197,478 shares, compared to its average volume of 263,382. The firm's 50 day simple moving average is $4.03 and its 200-day simple moving average is $5.52. The company has a market capitalization of $215.70 million, a price-to-earnings ratio of -511.00 and a beta of 1.51. Arq, Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.11. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting analysts' consensus estimates of ($0.03). The company had revenue of $27.04 million during the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $0.14 EPS. Sell-side analysts forecast that Arq, Inc. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cerity Partners LLC bought a new position in shares of ARQ in the 4th quarter worth about $215,000. SG Americas Securities LLC bought a new position in shares of ARQ in the 4th quarter worth about $95,000. Wellington Management Group LLP bought a new position in shares of ARQ in the 4th quarter worth about $793,000. Dimensional Fund Advisors LP raised its position in shares of ARQ by 65.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company's stock worth $3,401,000 after acquiring an additional 177,550 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ARQ by 956.7% in the 4th quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company's stock worth $869,000 after acquiring an additional 103,877 shares in the last quarter. 18.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price target on ARQ from $9.00 to $8.00 and set a "buy" rating on the stock in a research 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.