ARQ (NASDAQ:ARQ) Issues Earnings Results, Hits Estimates

ARQ (NASDAQ:ARQ) issued its quarterly earnings data on Wednesday. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03), Zacks reports. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%.

ARQ Trading Up 5.5 %

ARQ stock traded up $0.26 during mid-day trading on Wednesday, hitting $4.95. 411,841 shares of the stock were exchanged, compared to its average volume of 242,049. The firm’s fifty day simple moving average is $6.27 and its two-hundred day simple moving average is $6.36. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. ARQ has a 12 month low of $3.25 and a 12 month high of $8.26. The stock has a market capitalization of $208.06 million, a price-to-earnings ratio of -495.00 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several research firms have commented on ARQ. Canaccord Genuity Group dropped 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. Canaccord Genuity Group assumed coverage on shares of ARQ in a report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price objective for the company.

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.