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

ARQ (NASDAQ:ARQ) released its quarterly earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. ARQ had a negative return on equity of 2.48% and a negative net margin of 42.33%.The firm had revenue of $29.88 million for the quarter, compared to the consensus estimate of $28.57 million.

ARQ Stock Down 1.1%

NASDAQ ARQ traded down $0.03 on Wednesday, reaching $2.24. The company had a trading volume of 41,833 shares, compared to its average volume of 529,197. ARQ has a 52-week low of $1.54 and a 52-week high of $7.89. The company’s fifty day moving average is $2.32 and its 200 day moving average is $2.63. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $96.33 million, a P/E ratio of -1.77 and a beta of 2.02.

Analyst Ratings Changes

Several research firms have recently weighed in on ARQ. Wall Street Zen upgraded shares of ARQ from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ARQ in a report on Friday, July 17th. 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. Based on data from MarketBeat.com, ARQ currently has an average rating of “Hold” and a consensus target price of $5.00.

Hedge Funds Weigh In On ARQ

Several institutional investors have recently added to or reduced their stakes in ARQ. Dimensional Fund Advisors LP grew its position in shares of ARQ by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company’s stock valued at $3,007,000 after acquiring an additional 62,988 shares during the period. Geode Capital Management LLC raised its stake in ARQ by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock valued at $2,545,000 after acquiring an additional 3,505 shares during the period. State Street Corp lifted its holdings in ARQ by 1.0% during the fourth quarter. State Street Corp now owns 561,888 shares of the company’s stock valued at $1,837,000 after purchasing an additional 5,413 shares during the last quarter. Franklin Resources Inc. bought a new position in ARQ during the third quarter worth about $4,015,000. Finally, Marshall Wace LLP purchased a new position in shares of ARQ in the fourth quarter worth about $1,453,000. Institutional investors own 18.49% of the company’s stock.

ARQ Company Profile

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.