Advanced Emissions Solutions (NASDAQ:ADES) Stock Passes Above 200-Day Moving Average of $0.00

Advanced Emissions Solutions, Inc. (NASDAQ:ADES)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $12.66. Advanced Emissions Solutions shares last traded at $12.43, with a volume of 1,354 shares.

Several analysts have weighed in on the stock. ValuEngine raised shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

The company has a quick ratio of 0.96, a current ratio of 1.41 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $236.60 million, a PE ratio of 7.01 and a beta of 1.14. The business has a 50 day moving average price of $12.75.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its earnings results on Monday, May 6th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.14. Advanced Emissions Solutions had a net margin of 107.16% and a return on equity of 50.52%. The company had revenue of $19.33 million for the quarter, compared to analyst estimates of $18.99 million. On average, sell-side analysts expect that Advanced Emissions Solutions, Inc. will post 3.39 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Chicago Equity Partners LLC acquired a new position in shares of Advanced Emissions Solutions during the second quarter worth approximately $736,000. Advisory Services Network LLC lifted its position in shares of Advanced Emissions Solutions by 191.8% during the second quarter. Advisory Services Network LLC now owns 3,966 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 2,607 shares in the last quarter. Dfpg Investments Inc. acquired a new position in shares of Advanced Emissions Solutions during the second quarter worth approximately $337,000. Advantage Investment Management LLC acquired a new position in shares of Advanced Emissions Solutions during the second quarter worth approximately $304,000. Finally, Ibex Investors LLC acquired a new position in shares of Advanced Emissions Solutions during the second quarter worth approximately $229,000. Institutional investors own 73.56% of the company’s stock.

Advanced Emissions Solutions Company Profile (NASDAQ:ADES)

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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