Shares of ADA-ES Fall Below Previous 52-Week Low

Published on Thu, 05/15/2014 - 13:58
By Adrienne Chilton in 52 Week high-lows, ADES, 52 week high/lows, ada-es, nasdaq:ades

Shares of ADA-ES (NASDAQ:ADES) traded at a new 52-week low today of $17.56. So far today approximately 243,000 shares have been exchanged, as compared to an average 30-day volume of 150,000 shares.

ADA-ES, Inc. is an environmental technology/specialty company that supplies powdered activated carbon, injection systems, and related services. The Company helps electric utility companies meet environmental regulations. ADA-ES provides ash improvements, optimizes baghouse performance, provides flue gas conditioning additives, and provides other products and services.

In the past 52 weeks, shares of ADA-ES have traded between the current low of $17.56 and a high of $58.33 and are now at $17.76. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 7%.

ADA-ES has overhead space with shares priced $17.76, or 43.6% below the average consensus analyst price target of $31.50. The stock should run into initial resistance at its 50-day moving average (MA) of $27.91 and subsequent resistance at its 200-day MA of $41.83.

By Adrienne Chilton
achilton@fnno.com

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