ARQ (NASDAQ:ARQ) Director Richard Campbell-Breeden Purchases 28,638 Shares

Arq, Inc. (NASDAQ:ARQ) Director Richard Campbell-Breeden purchased 28,638 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was acquired at an average cost of $3.54 per share, with a total value of $101,378.52. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ARQ Price Performance

Shares of ARQ stock traded up $0.04 during mid-day trading on Friday, reaching $3.61. The company’s stock had a trading volume of 228,052 shares, compared to its average volume of 274,741. The company has a market cap of $153.91 million, a P/E ratio of -90.13 and a beta of 1.96. The firm’s 50-day moving average is $6.60 and its two-hundred day moving average is $5.91. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. On average, research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARQ. Nisa Investment Advisors LLC purchased a new position in ARQ during the second quarter worth about $25,000. Walleye Capital LLC bought a new position in ARQ in the 1st quarter worth approximately $44,000. AlphaQuest LLC bought a new stake in shares of ARQ during the third quarter valued at about $83,000. The Manufacturers Life Insurance Company boosted its holdings in shares of ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after acquiring an additional 1,413 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in shares of ARQ during the 3rd quarter valued at $96,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.