ARQ (NASDAQ:ARQ) Announces Earnings Results

ARQ (NASDAQ:ARQ) released its earnings results on Wednesday. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), FiscalAI reports. ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%.The company had revenue of $29.05 million for the quarter, compared to the consensus estimate of $27.75 million.

ARQ Stock Performance

ARQ stock traded up $0.29 during mid-day trading on Thursday, hitting $2.60. 529,910 shares of the company’s stock traded hands, compared to its average volume of 683,474. The firm has a 50 day moving average price of $2.47 and a 200 day moving average price of $3.50. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. The company has a market cap of $111.27 million, a PE ratio of -2.05 and a beta of 1.92. ARQ has a one year low of $1.54 and a one year high of $7.89.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a report on Monday, April 20th. Zacks Research raised ARQ from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Canaccord Genuity Group reduced their target price on ARQ from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Institutional Trading of ARQ

Hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new stake in shares of ARQ in the 4th quarter worth $37,000. HRT Financial LP bought a new stake in shares of ARQ in the 4th quarter worth $37,000. Algert Global LLC bought a new stake in shares of ARQ in the 3rd quarter worth $84,000. The Manufacturers Life Insurance Company raised its stake in shares of ARQ by 13.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after buying an additional 1,413 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of ARQ in the 3rd quarter worth $98,000. Institutional investors own 18.49% of the company’s stock.

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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.