Key Points
- CTO Joseph Wong purchased 10,000 shares at $1.89 each on March 17 for a total of $18,900, bringing his ownership to 400,686 shares (a 2.56% increase).
- ARQ traded at $2.05 with a market cap of $87.6M; the company reported a quarterly loss of ($0.07) EPS, missed estimates, and shows negative margins and ROE.
- Analysts hold a consensus rating of “Moderate Buy” with an average target price of $7.50, amid mixed individual ratings ranging from Strong Buy to Sell.
Arq, Inc. (NASDAQ:ARQ - Get Free Report) CTO Joseph Wong bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average cost of $1.89 per share, for a total transaction of $18,900.00. Following the acquisition, the chief technology officer owned 400,686 shares of the company's stock, valued at $757,296.54. This represents a 2.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
ARQ Price Performance
NASDAQ ARQ traded down $0.03 on Friday, reaching $2.05. 100,352 shares of the stock traded hands, compared to its average volume of 780,431. Arq, Inc. has a 12 month low of $1.54 and a 12 month high of $7.89. The company has a market cap of $87.63 million, a price-to-earnings ratio of -1.61 and a beta of 1.96. The firm's fifty day simple moving average is $3.32 and its 200 day simple moving average is $4.62. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.
ARQ (NASDAQ:ARQ - Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%.The firm had revenue of $29.43 million during the quarter, compared to the consensus estimate of $28.59 million. As a group, research analysts predict that Arq, Inc. will post -0.13 EPS for the current fiscal year.
Hedge Funds Weigh In On ARQ
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of ARQ by 6.2% in the fourth quarter. Royce & Associates LP now owns 1,458,444 shares of the company's stock valued at $4,769,000 after purchasing an additional 85,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ARQ by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company's stock valued at $3,007,000 after buying an additional 62,988 shares during the period. Gratia Capital LLC lifted its stake in ARQ by 23.7% in the 2nd quarter. Gratia Capital LLC now owns 857,962 shares of the company's stock worth $4,607,000 after acquiring an additional 164,310 shares in the last quarter. Geode Capital Management LLC boosted its position in ARQ by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company's stock worth $2,545,000 after acquiring an additional 3,505 shares during the period. Finally, State Street Corp boosted its position in ARQ by 1.0% during the 4th quarter. State Street Corp now owns 561,888 shares of the company's stock worth $1,837,000 after acquiring an additional 5,413 shares during the period. 18.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on ARQ shares. Canaccord Genuity Group lowered their price objective on shares of ARQ from $7.50 to $5.00 and set a "buy" rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ARQ in a report on Wednesday, January 21st. Finally, Zacks Research raised ARQ from a "strong sell" rating to a "hold" rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $7.50.
Check Out Our Latest Research Report on ARQ
ARQ Company Profile
(
Get Free Report)
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.
Further Reading
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