Advanced Emissions Solutions, Inc. (NASDAQ:ADES – Get Free Report) CTO Joseph M. Wong bought 55,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $2.44 per share, for a total transaction of $134,200.00. Following the acquisition, the chief technology officer now owns 161,913 shares in the company, valued at approximately $395,067.72. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Advanced Emissions Solutions Stock Performance
Shares of ADES remained flat at $2.50 during mid-day trading on Monday. The stock had a trading volume of 97,497 shares, compared to its average volume of 107,297. The stock’s 50 day moving average is $1.82 and its 200-day moving average is $1.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.15 and a quick ratio of 3.31. The stock has a market capitalization of $82.95 million, a P/E ratio of -3.19 and a beta of 1.04. Advanced Emissions Solutions, Inc. has a 12-month low of $1.17 and a 12-month high of $3.78.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Advanced Emissions Solutions in a report on Thursday, October 5th. They set a “sell” rating for the company.
Hedge Funds Weigh In On Advanced Emissions Solutions
Several large investors have recently modified their holdings of the stock. Prelude Capital Management LLC raised its holdings in shares of Advanced Emissions Solutions by 30.8% in the first quarter. Prelude Capital Management LLC now owns 17,400 shares of the industrial products company’s stock worth $108,000 after buying an additional 4,100 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Advanced Emissions Solutions by 24.6% in the 1st quarter. JPMorgan Chase & Co. now owns 17,738 shares of the industrial products company’s stock valued at $110,000 after buying an additional 3,504 shares during the period. Perritt Capital Management Inc. acquired a new stake in shares of Advanced Emissions Solutions in the second quarter valued at $65,000. Invesco Ltd. lifted its stake in Advanced Emissions Solutions by 38.2% during the first quarter. Invesco Ltd. now owns 39,912 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 11,040 shares during the last quarter. Finally, Man Group plc raised its stake in Advanced Emissions Solutions by 190.0% during the 4th quarter. Man Group plc now owns 40,894 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 26,794 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.
Advanced Emissions Solutions Company Profile
Advanced Emissions Solutions, Inc provides solutions for the coal-fired power generation, industrial, water treatment plants, and other markets. The company was incorporated in 2011 and is headquartered in Greenwood Village, Colorado.
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