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

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

ARQ Price Performance

ARQ stock traded up $0.01 during midday trading on Wednesday, reaching $1.85. The stock had a trading volume of 530,605 shares, compared to its average volume of 242,500. The firm’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.46. ARQ has a 1-year low of $1.54 and a 1-year high of $6.49. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a report on Thursday, October 15th. One investment 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.