ARQ (NASDAQ:ARQ) Announces Earnings Results, Hits Expectations

ARQ (NASDAQ:ARQ) posted its earnings results on Wednesday. The company reported ($0.03) earnings per share 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%.

ARQ Price Performance

Shares of NASDAQ:ARQ traded up $0.26 during trading on Wednesday, reaching $4.95. The company had a trading volume of 411,841 shares, compared to its average volume of 242,049. The company has a fifty day moving average of $6.27 and a two-hundred day moving average of $6.36. The stock has a market capitalization of $208.06 million, a P/E ratio of -495.00 and a beta of 1.47. ARQ has a 12 month low of $3.25 and a 12 month high of $8.26. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08.

Analyst Ratings Changes

ARQ has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their target price on shares of ARQ from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Canaccord Genuity Group initiated coverage on shares of ARQ in a report on Tuesday, November 19th. They set a “buy” rating and a $10.00 target price on the stock.

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.