ARQ (NASDAQ:ARQ) Announces Earnings Results

ARQ (NASDAQ:ARQ) announced its earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03, FiscalAI reports. The business had revenue of $38.21 million for the quarter, compared to analysts’ expectations of $35.23 million. ARQ had a negative return on equity of 2.54% and a negative net margin of 42.33%.

ARQ Stock Performance

NASDAQ:ARQ traded up $0.47 during mid-day trading on Thursday, hitting $2.32. 7,595,759 shares of the company traded hands, compared to its average volume of 479,100. The stock’s fifty day moving average price is $1.99 and its 200-day moving average price is $2.46. ARQ has a one year low of $1.54 and a one year high of $4.88. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. The firm has a market cap of $101.40 million, a price-to-earnings ratio of -1.84 and a beta of 2.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.00.

ARQ Company Profile

Arq, Inc (NASDAQ: ARQ) is a technology and materials company focused on converting coal waste and other carbon-rich materials into higher-value carbon products. The company’s processing technology is designed to recover and refine carbon from previously discarded coal fines and similar feedstocks.

Arq’s product portfolio includes activated carbon and other specialty carbon materials used in applications such as water purification, air emissions control, industrial processes and energy-related markets.