Advanced Drainage Systems (WMS) Announces Quarterly Earnings Results
Advanced Drainage Systems (NYSE:WMS) posted its quarterly earnings results on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, StockRatingsNetwork.com reports.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set an “overweight” rating and a $22.00 price target on the stock. On a related note, analysts at Deutsche Bank initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set a “buy” rating and a $24.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set an “outperform” rating and a $21.00 price target on the stock.
Advanced Drainage Systems (NYSE:WMS) opened at 19.01 on Wednesday. Advanced Drainage Systems has a 52-week low of $14.74 and a 52-week high of $19.60. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $16.47. The company’s market cap is $1.003 billion.
In other Advanced Drainage Systems news, major shareholder Asp Ads Investco, Llc sold 514,286 shares of the stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.96, for a total value of $7,693,718.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Advanced Drainage Systems, Inc is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace.
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