ADA-ES (NASDAQ:ADES) CFO Mark Mckinnies sold 2,000 shares of the stock on the open market in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $55.92, for a total transaction of $111,840.00. Following the completion of the transaction, the chief financial officer now directly owns 78,724 shares of the company’s stock, valued at approximately $4,402,246. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
ADA-ES (NASDAQ:ADES) traded down 0.52% during mid-day trading on Friday, hitting $53.51. 25,847 shares of the company’s stock traded hands. ADA-ES has a 1-year low of $15.90 and a 1-year high of $58.33. The stock’s 50-day moving average is $47.75 and its 200-day moving average is $42.05. The company’s market cap is $541.3 million.
ADA-ES (NASDAQ:ADES) last announced its earnings results on Thursday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $74.59 million for the quarter, compared to the consensus estimate of $72.59 million. During the same quarter last year, the company posted ($0.39) earnings per share. ADA-ES’s revenue was up .3% compared to the same quarter last year. Analysts expect that ADA-ES will post $-0.21 EPS for the current fiscal year.
ADES has been the subject of a number of recent research reports. Analysts at Cowen and Company initiated coverage on shares of ADA-ES in a research note to investors on Monday, November 25th. They set an “outperform” rating on the stock. Analysts at Zacks upgraded shares of ADA-ES from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $40.20 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. ADA-ES has a consensus rating of “Buy” and an average price target of $46.64.
ADA-ES, Inc (NASDAQ:ADES) 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.
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