ARQ (NASDAQ:ARQ) Announces Earnings Results

ARQ (NASDAQ:ARQ) announced its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03), Zacks reports. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. The firm had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. During the same quarter in the prior year, the business posted $0.14 EPS.

ARQ Stock Performance

Shares of ARQ stock opened at $4.95 on Thursday. The company has a 50 day moving average of $6.23 and a 200-day moving average of $6.35. The company has a market cap of $208.06 million, a PE ratio of -495.00 and a beta of 1.47. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. ARQ has a 1-year low of $3.25 and a 1-year high of $8.26.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ARQ shares. Canaccord Genuity Group assumed coverage on ARQ in a research note on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price target for the company. Canaccord Genuity Group cut their target price on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th.

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.