ARQ (NASDAQ:ARQ – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), FiscalAI reports. ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. The business had revenue of $29.88 million for the quarter, compared to the consensus estimate of $28.57 million.
ARQ Stock Down 0.5%
Shares of ARQ traded down $0.01 during trading hours on Monday, hitting $2.07. The company had a trading volume of 258,183 shares, compared to its average volume of 531,690. The stock has a market capitalization of $88.87 million, a price-to-earnings ratio of -1.60 and a beta of 2.02. The firm has a fifty day moving average price of $2.34 and a 200-day moving average price of $2.65. ARQ has a 52-week low of $1.54 and a 52-week high of $7.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.02.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ARQ. Dimensional Fund Advisors LP increased its position in shares of ARQ by 7.4% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its stake in ARQ by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock valued at $2,545,000 after purchasing an additional 3,505 shares during the last quarter. State Street Corp increased its holdings in shares of ARQ by 1.0% in the 4th quarter. State Street Corp now owns 561,888 shares of the company’s stock worth $1,837,000 after purchasing an additional 5,413 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of ARQ in the third quarter worth $4,015,000. Finally, Marshall Wace LLP purchased a new position in shares of ARQ in the fourth quarter worth $1,453,000. 18.49% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Check Out Our Latest Report on ARQ
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.
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