Advanced Drainage Systems Inc (NYSE:WMS) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 20, 2016
Yesterday Advanced Drainage Systems Inc (NYSE:WMS) traded 0.56% lower at $23.20. The company’s 50-day moving average is $24.63 and its 200-day moving average is $24.42. With the last stock close down 5.02% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. 81,796 shares of Advanced Drainage Systems Inc traded, down from ann average volume of 298,670.
Zacks Investment Research has downgraded Advanced Drainage Systems Inc(NYSE:WMS) to Sell in a statement released 9/20/2016.
See Graph Below:
Also covering Advanced Drainage Systems Inc’s stock price target, a total of 7 firms have issued a ratings update on the company. The consensus target stock price is $24.29 with 0 rating the company a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokerages rating the stock as sell.
Advanced Drainage Systems Inc has a 52 week low of $17.72 and a 52 week high of $32.50 with a price-earnings ratio of 86 and has a market capitalization of $0.0.
Brief Synopsis On Advanced Drainage Systems Inc (NYSE:WMS)
Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States. The International segment manufactures and markets products in certain regions outside of the United States, with a focus on its owned facilities in Canada and through its joint ventures with local partners in Mexico, Central America and South America. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. Its products are used across a range of end markets and applications, including non-residential, residential, and agriculture and infrastructure applications.
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