ARQ (NASDAQ:ARQ) Posts Earnings Results, Misses Expectations By $0.01 EPS

ARQ (NASDAQ:ARQ) released its quarterly earnings results on Monday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. The firm had revenue of $29.88 million for the quarter, compared to analyst estimates of $28.57 million. ARQ had a negative return on equity of 2.67% and a negative net margin of 43.93%.

ARQ Stock Performance

NASDAQ:ARQ opened at $2.07 on Tuesday. The firm has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $2.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 0.58. The firm has a market cap of $88.87 million, a PE ratio of -1.60 and a beta of 2.02. ARQ has a 1-year low of $1.54 and a 1-year high of $7.89.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research report on Friday, July 17th. Wall Street Zen upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

Institutional Trading of ARQ

A number of hedge funds have recently bought and sold shares of ARQ. Jump Financial LLC purchased a new stake in ARQ in the 4th quarter valued at about $108,000. Public Employees Retirement System of Ohio purchased a new position in shares of ARQ during the 4th quarter worth about $138,000. State of Wisconsin Investment Board purchased a new position in shares of ARQ during the 4th quarter worth about $75,000. Wells Fargo & Company MN boosted its position in shares of ARQ by 26.6% in the fourth quarter. Wells Fargo & Company MN now owns 44,877 shares of the company’s stock worth $147,000 after acquiring an additional 9,425 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of ARQ in the third quarter worth approximately $98,000. Institutional investors and hedge funds own 18.49% of the company’s 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. 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.