ARQ (NASDAQ:ARQ) Issues Earnings Results, Beats Estimates By $0.03 EPS

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

ARQ Stock Performance

NASDAQ ARQ traded up $0.01 during trading hours on Wednesday, hitting $1.85. 530,605 shares of the company traded hands, compared to its average volume of 242,500. The business’s 50-day moving average is $1.99 and its 200-day moving average is $2.46. ARQ has a twelve month low of $1.54 and a twelve month high of $6.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.61 and a current ratio of 1.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.