ADA-ES (NASDAQ:ADES) CFO Mark Mckinnies sold 3,000 shares of ADA-ES stock on the open market in a transaction dated Monday, December 9th. The stock was sold at an average price of $56.25, for a total value of $168,750.00. Following the completion of the transaction, the chief financial officer now directly owns 80,724 shares in the company, valued at approximately $4,540,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of ADA-ES (NASDAQ:ADES) traded up 2.66% during mid-day trading on Monday, hitting $57.18. The stock had a trading volume of 71,935 shares. ADA-ES has a 1-year low of $15.90 and a 1-year high of $58.33. The stock has a 50-day moving average of $45.65 and a 200-day moving average of $41.45. The company’s market cap is $578.4 million.
ADA-ES (NASDAQ:ADES) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that ADA-ES will post $-0.21 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ADES shares. 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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