The industrial goods sector closed the day up 1.1%. Ener1 Inc ( HEV), Broadwind Energy Inc ( BWEN), Energy Focus Inc ( EFOI), and SmartHeat Inc ( HEAT) were all decliners today within the industrial goods sector with ADA-ES Inc ( ADES) being today's featured industrial goods loser. ADA-ES Inc fell $1.20 (-6.8%) to $16.51 on average volume. Throughout the day, 44,942 shares of ADA-ES Inc exchanged hands as compared to its average daily volume of 42,900 shares. ADA-ES, Inc. provides environmental technologies and specialty chemicals to the coal-burning utility industry in the United States. ADA-ES Inc has a market cap of $146.1 million and is part of the industrial industry. Shares are up 58.7% year to date as of the close of trading on Wednesday. TheStreet Ratings rates ADA-ES as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and deteriorating net income.
Investors considering a purchase of Advanced Emissions Solutions Inc shares, but tentative about paying the going market price of $21.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $20 strike, which has a bid at the time of this writing of $1.20.
In trading on Friday, shares of Advanced Emissions Solutions Inc crossed above their 200 day moving average of $21.66, changing hands as high as $21.70 per share. Advanced Emissions Solutions Inc shares are currently trading up about 4.5% on the day.