ARQ (NASDAQ:ARQ - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03), Zacks reports. The company had revenue of $27.04 million during the quarter, compared to the consensus estimate 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 earnings per share.
ARQ Stock Performance
Shares of ARQ stock traded up $0.22 on Friday, reaching $4.88. The stock had a trading volume of 398,023 shares, compared to its average volume of 260,596. The stock has a market cap of $205.12 million, a P/E ratio of -488.00 and a beta of 1.47. ARQ has a fifty-two week low of $3.25 and a fifty-two week high of $8.26. The business's 50-day moving average price is $6.13 and its two-hundred day moving average price is $6.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on ARQ shares. Canaccord Genuity Group reduced their price objective on shares of ARQ from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group started coverage on shares of ARQ in a research note on Tuesday, November 19th. They issued a "buy" rating and a $10.00 price objective for the company.
Read Our Latest Report on ARQ
About ARQ
(
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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.
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