Insider Buying: John Hatsopoulos Acquires 10,000 Shares of American DG Energy Stock (ADGE)
American DG Energy (NYSE:ADGE) CEO John Hatsopoulos purchased 10,000 shares of American DG Energy stock on the open market in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $1.27 per share, with a total value of $12,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,476,820 shares in the company, valued at approximately $1,875,561. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
American DG Energy (NYSE:ADGE) remained flat at $1.23 during trading on Thursday. The stock had a trading volume of 40,977 shares. American DG Energy has a one year low of $1.18 and a one year high of $2.59. The stock’s 50-day moving average is $1.38 and its 200-day moving average is $1.94. The company’s market cap is $64.9 million. American DG Energy also saw a large decrease in short interest in August. As of August 15th, there was short interest totalling 211,947 shares, a decrease of 62.7% from the July 31st total of 568,438 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 176,900 shares, the days-to-cover ratio is presently 1.2 days.
American DG Energy (NYSE:ADGE) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) EPS for the quarter.
American DG Energy Inc (NYSE:ADGE) distributes, owns and operates clean, on-site energy systems that produce electricity, hot water, heat and cooling.
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