Advanced Emissions Solutions (NASDAQ:ADES) Coverage Initiated by Analysts at StockNews.com

Posted by on Oct 6th, 2023

Equities research analysts at StockNews.com assumed coverage on shares of Advanced Emissions Solutions (NASDAQ:ADES – Get Free Report) in a research report issued on Thursday. The brokerage set a “sell” rating on the industrial products company’s stock.

Advanced Emissions Solutions Price Performance

ADES stock opened at $1.68 on Thursday. The firm has a market capitalization of $55.02 million, a PE ratio of -2.02 and a beta of 1.08. Advanced Emissions Solutions has a one year low of $1.17 and a one year high of $3.78. The company has a current ratio of 4.16, a quick ratio of 3.20 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of $1.92 and a two-hundred day moving average of $1.81.

Advanced Emissions Solutions (NASDAQ:ADES – Get Free Report) last issued its earnings results on Wednesday, August 9th. The industrial products company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The business had revenue of $20.45 million during the quarter, compared to analyst estimates of $17.30 million. Advanced Emissions Solutions had a negative net margin of 20.33% and a negative return on equity of 13.61%. On average, analysts forecast that Advanced Emissions Solutions will post -0.81 earnings per share for the current year.

Hedge Funds Weigh In On Advanced Emissions Solutions

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Advanced Emissions Solutions by 24.6% in the 1st quarter. JPMorgan Chase & Co. now owns 17,738 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 3,504 shares during the period. Bank of New York Mellon Corp increased its holdings in Advanced Emissions Solutions by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 126,361 shares of the industrial products company’s stock worth $786,000 after buying an additional 3,992 shares during the last quarter. Prelude Capital Management LLC increased its holdings in Advanced Emissions Solutions by 30.8% in the first quarter. Prelude Capital Management LLC now owns 17,400 shares of the industrial products company’s stock worth $108,000 after buying an additional 4,100 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Advanced Emissions Solutions by 11.9% in the second quarter. Renaissance Technologies LLC now owns 71,645 shares of the industrial products company’s stock worth $336,000 after buying an additional 7,641 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Advanced Emissions Solutions by 38.2% in the first quarter. Invesco Ltd. now owns 39,912 shares of the industrial products company’s stock worth $248,000 after buying an additional 11,040 shares during the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Advanced Emissions Solutions

(Get Free Report)

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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