Advanced Emissions Solutions, Inc. (NASDAQ:ADES)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.85 and traded as high as $5.91. Advanced Emissions Solutions shares last traded at $5.69, with a volume of 64,267 shares traded.
Separately, TheStreet raised Advanced Emissions Solutions from a “d” rating to a “c-” rating in a research report on Wednesday, November 25th.
The stock has a market cap of $105.54 million, a P/E ratio of -8.62 and a beta of 0.88. The company has a quick ratio of 1.14, a current ratio of 1.40 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $5.49 and a 200-day simple moving average of $4.85.
Hedge funds have recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of Advanced Emissions Solutions by 144.7% during the fourth quarter. Citigroup Inc. now owns 5,105 shares of the industrial products company’s stock worth $28,000 after buying an additional 3,019 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Advanced Emissions Solutions by 12.8% during the fourth quarter. Rhumbline Advisers now owns 29,387 shares of the industrial products company’s stock worth $162,000 after buying an additional 3,333 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Advanced Emissions Solutions during the third quarter worth approximately $157,000. Wells Fargo & Company MN lifted its holdings in shares of Advanced Emissions Solutions by 52.7% during the third quarter. Wells Fargo & Company MN now owns 68,500 shares of the industrial products company’s stock worth $278,000 after buying an additional 23,635 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Advanced Emissions Solutions during the fourth quarter worth approximately $721,000. Institutional investors own 61.13% of the company’s stock.
About Advanced Emissions Solutions (NASDAQ:ADES)
Advanced Emissions Solutions, Inc, together with its subsidiaries, provides emission reduction technologies and specialty chemicals in the United States. It operates through two segments, Refined Coal; and Power Generation and Industrials. The company offers CyClean technology, a pre-combustion coal treatment process to enhance combustion, as well as to reduce emissions of nitrogen oxide and mercury from coals burned in cyclone boilers; and M-45 and M-45-PC technologies, which are pre-combustion coal treatment technologies used to control emissions from circulating fluidized bed boilers and pulverized coal boilers.
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