StockNews.com Initiates Coverage on Advanced Emissions Solutions (NASDAQ:ADES)

StockNews.com initiated coverage on shares of Advanced Emissions Solutions (NASDAQ:ADESFree Report) in a research report report published on Saturday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Advanced Emissions Solutions Stock Up 3.1 %

ADES stock opened at $3.36 on Friday. The stock has a market capitalization of $111.72 million, a P/E ratio of -4.36 and a beta of 1.36. The firm has a 50-day simple moving average of $2.83 and a 200-day simple moving average of $2.29. The company has a quick ratio of 3.31, a current ratio of 4.15 and a debt-to-equity ratio of 0.11. Advanced Emissions Solutions has a 52 week low of $1.17 and a 52 week high of $3.78.

Insider Transactions at Advanced Emissions Solutions

In other Advanced Emissions Solutions news, CTO Joseph M. Wong acquired 35,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $2.48 per share, with a total value of $86,800.00. Following the purchase, the chief technology officer now owns 226,913 shares in the company, valued at $562,744.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Advanced Emissions Solutions news, CTO Joseph M. Wong acquired 55,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $2.44 per share, for a total transaction of $134,200.00. Following the completion of the transaction, the chief technology officer now owns 161,913 shares of the company’s stock, valued at approximately $395,067.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Joseph M. Wong purchased 35,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $2.48 per share, for a total transaction of $86,800.00. Following the purchase, the chief technology officer now owns 226,913 shares in the company, valued at $562,744.24. The disclosure for this purchase can be found here. Corporate insiders own 22.16% of the company’s stock.

Institutional Trading of Advanced Emissions Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prelude Capital Management LLC boosted its stake in shares of Advanced Emissions Solutions by 61.2% in the 3rd quarter. Prelude Capital Management LLC now owns 20,800 shares of the industrial products company’s stock valued at $57,000 after buying an additional 7,900 shares during the period. Perritt Capital Management Inc. purchased a new position in shares of Advanced Emissions Solutions in the 2nd quarter valued at about $65,000. Keating Wealth Management LLC acquired a new stake in shares of Advanced Emissions Solutions during the 4th quarter worth about $84,000. Man Group plc raised its position in shares of 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. Finally, JPMorgan Chase & Co. raised its position in shares of Advanced Emissions Solutions by 24.6% during the 1st quarter. JPMorgan Chase & Co. now owns 17,738 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 3,504 shares in the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Emissions Solutions

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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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