ARQ (NASDAQ:ARQ) Posts Quarterly Earnings Results, Hits Estimates

ARQ (NASDAQ:ARQ) released its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03), Zacks reports. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%.

ARQ Trading Up 5.5 %

ARQ traded up $0.26 during trading on Wednesday, hitting $4.95. 411,841 shares of the stock traded hands, compared to its average volume of 242,049. The firm has a market capitalization of $208.06 million, a P/E ratio of -495.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The firm has a 50-day moving average of $6.27 and a 200 day moving average of $6.36. ARQ has a 12-month low of $3.25 and a 12-month high of $8.26.

Wall Street Analysts Forecast Growth

ARQ has been the subject of several analyst reports. Canaccord Genuity Group dropped their price target on shares of ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Canaccord Genuity Group initiated coverage on shares of ARQ in a research report on Tuesday, November 19th. They set a “buy” rating and a $10.00 price target for the company.

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.