Large Outflow of Money Witnessed in Advanced Drainage Systems, Inc.

Advanced Drainage Systems, Inc. (WMS) traded higher in the last at $24.45, gaining 0.35 points or 1.45%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-1.68) million. The composite uptick value of $0.2 million was eclipsed by the accrued downtick value of $1.88 million, thereby ensuring the up/down ratio of 0.1. For the week, the shares have posted returns of -1.61%.A block trade registered during the day has revealed $0 million in upticks and $1.74 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-1.74) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Advanced Drainage Systems, Inc. has dropped 2.76% in the last five trading days, however, the shares have posted positive gains of 19.9% in the last 4 weeks. Advanced Drainage Systems, Inc. is up 29.69% in the last 3-month period. Year-to-Date the stock performance stands at 19.9%. Advanced Drainage Systems, Inc. (NYSE:WMS) rose 2.49% or 0.6 points on Wednesday and made its way into the gainers of the day. After trading began at $24.3 the stock was seen hitting $24.85 as a peak level and $24.3 as the lowest level. The stock ended up at $24.7. The daily volume was measured at 283,074 shares. The 52-week high of the share price is $28.49 and the 52-week low is $17.72. The company has a market cap of $1,361 million.

Company has reported several Insider transactions to the SEC, on Jun 15, 2016, Joseph A Chlapaty (CEO) purchased 35,000 shares at 25.98 per share price.On May 28, 2015, Ewout Leeuwenburg (SVP, International) sold 18,500 shares at 29.20 per share price.On May 26, 2015, Ronald R Vitarelli (EVP & Co-COO) sold 5,000 shares at 29.04 per share price.

Advanced Drainage Systems Inc Last issued its quarterly earnings results on Jan 12, 2017. The company reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.28. The company had revenue of $360.80 million for the quarter, compared to analysts expectations of $360.08 million. The companys revenue was down -5.9 % compared to the same quarter last year.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by RBC Capital Mkts on Jan 13, 2017 to Sector Perform, Raises Price Target to $ 24 from a previous price target of $22 .Company shares were Upgraded by Robert W. Baird on Jan 13, 2017 to Outperform, Raises Price Target to $ 29 from a previous price target of $25 .Advanced Drainage Systems Inc was Reiterated by RBC Capital Mkts on Nov 30, 2016 to Sector Perform, Lowers Price Target to $ 22 from a previous price target of $24 .

Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio.


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