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

ARQ (NASDAQ:ARQ) released its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03, FiscalAI reports. The firm had revenue of $38.21 million during the quarter, compared to analyst estimates of $35.23 million. ARQ had a negative net margin of 38.79% and a negative return on equity of 0.85%.

ARQ Price Performance

ARQ stock traded up $0.10 during midday trading on Friday, reaching $2.50. The company had a trading volume of 1,350,670 shares, compared to its average volume of 502,842. The firm has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.46. The company has a market capitalization of $109.35 million, a P/E ratio of -2.11 and a beta of 2.12. ARQ has a 1 year low of $1.54 and a 1 year high of $4.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 0.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ARQ presently has an average rating of “Hold” and a consensus price target of $5.00.

About ARQ

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.