ARQ (NASDAQ:ARQ) Issues Quarterly Earnings Results

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

ARQ Stock Performance

NASDAQ ARQ opened at $4.95 on Thursday. The stock has a market cap of $208.06 million, a PE ratio of -495.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The firm has a 50-day moving average of $6.23 and a 200-day moving average of $6.35. ARQ has a 52-week low of $3.25 and a 52-week high of $8.26.

Analysts Set New Price Targets

ARQ has been the topic of a number of analyst reports. Canaccord Genuity Group initiated coverage on ARQ in a research note on Tuesday, November 19th. They set a “buy” rating and a $10.00 price objective on the stock. Canaccord Genuity Group decreased their price objective on shares of 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.