ARQ (NASDAQ:ARQ) Director Purchases $101,378.52 in Stock

Arq, Inc. (NASDAQ:ARQ) Director Richard Campbell-Breeden acquired 28,638 shares of the stock in a transaction on Tuesday, November 11th. The shares were acquired at an average cost of $3.54 per share, for a total transaction of $101,378.52. Following the completion of the transaction, the director directly owned 254,786 shares in the company, valued at $901,942.44. The trade was a 12.66% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

ARQ Price Performance

Shares of ARQ traded down $0.06 during trading hours on Thursday, reaching $3.64. The company had a trading volume of 309,753 shares, compared to its average volume of 271,489. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $5.93. Arq, Inc. has a 12-month low of $3.34 and a 12-month high of $8.11. The company has a market capitalization of $155.58 million, a price-to-earnings ratio of -91.88 and a beta of 1.96.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. The business had revenue of $35.07 million during the quarter, compared to analysts’ expectations of $35.63 million. Research analysts expect that Arq, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ARQ shares. Canaccord Genuity Group reduced their price target on shares of ARQ from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered shares of ARQ from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, October 8th. Finally, Zacks Research cut ARQ from a “hold” rating to a “strong sell” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.33.

Hedge Funds Weigh In On ARQ

Several large investors have recently bought and sold shares of ARQ. American Century Companies Inc. boosted its position in shares of ARQ by 36.0% during the 1st quarter. American Century Companies Inc. now owns 52,642 shares of the company’s stock valued at $220,000 after purchasing an additional 13,925 shares in the last quarter. Nuveen LLC bought a new stake in ARQ during the first quarter worth about $836,000. Wellington Management Group LLP lifted its stake in shares of ARQ by 568.9% in the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company’s stock valued at $2,922,000 after acquiring an additional 595,855 shares during the last quarter. Maven Securities LTD increased its position in shares of ARQ by 436.1% in the first quarter. Maven Securities LTD now owns 80,421 shares of the company’s stock valued at $335,000 after acquiring an additional 65,421 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in ARQ by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company’s stock valued at $581,000 after acquiring an additional 7,897 shares in the last quarter. 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.