ARQ (NASDAQ:ARQ) CFO Shimon Steinmetz Purchases 8,770 Shares

Arq, Inc. (NASDAQ:ARQ) CFO Shimon Steinmetz acquired 8,770 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was purchased at an average cost of $2.23 per share, with a total value of $19,557.10. Following the transaction, the chief financial officer owned 8,770 shares of the company’s stock, valued at approximately $19,557.10. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shimon Steinmetz also recently made the following trade(s):

• On Thursday, September 3rd, Shimon Steinmetz bought 7,500 shares of ARQ stock. The shares were purchased at an average price of $2.22 per share, for a total transaction of $16,650.00.

ARQ Trading Down 3.9%

ARQ stock traded down $0.09 during midday trading on Tuesday, hitting $2.21. The stock had a trading volume of 76,125 shares, compared to its average volume of 499,664. The company’s 50-day moving average price is $2.17 and its 200 day moving average price is $2.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 0.61. The firm has a market cap of $96.51 million, a PE ratio of -1.75 and a beta of 2.05. Arq, Inc. has a 12-month low of $1.54 and a 12-month high of $7.70.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $29.88 million for the quarter, compared to analysts’ expectations of $28.57 million. ARQ had a negative return on equity of 2.54% and a negative net margin of 42.33%.

Institutional Investors Weigh In On ARQ

A number of institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in ARQ during the third quarter worth about $4,015,000. BlackRock Inc. purchased a new stake in shares of ARQ during the 2nd quarter worth about $1,298,000. DCF Advisers LLC purchased a new stake in shares of ARQ during the 2nd quarter worth about $1,177,000. Marshall Wace LLP acquired a new stake in ARQ during the 4th quarter worth approximately $1,453,000. Finally, GSA Capital Partners LLP acquired a new stake in ARQ during the 2nd quarter worth approximately $887,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ARQ presently has an average rating of “Hold” and an average price target of $5.00.

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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.