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

ARQ (NASDAQ:ARQ) released its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 Trading Down 0.5%

ARQ traded down $0.01 during trading on Monday, hitting $2.07. 272,714 shares of the company’s stock were exchanged, compared to its average volume of 531,690. ARQ has a 1 year low of $1.54 and a 1 year high of $7.89. The stock has a 50 day moving average price of $2.34 and a 200 day moving average price of $2.65. The firm has a market cap of $88.87 million, a P/E ratio of -1.60 and a beta of 2.02. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On ARQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. HRT Financial LP purchased a new stake in ARQ during the 4th quarter worth $37,000. Los Angeles Capital Management LLC acquired a new position in shares of ARQ during the fourth quarter worth about $37,000. Oxford Asset Management LLP purchased a new stake in shares of ARQ in the fourth quarter worth about $45,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of ARQ in the fourth quarter worth about $47,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after buying an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ARQ. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Friday, July 17th. Wall Street Zen upgraded ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.00.

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.