US Ecology Inc (NASDAQ: ECOL), a waste management company, is featured as today’s top momentum gainer since the stock gained more than 8% during the last two consecutive trading days with huge number of shares changing hands. During the previous session, ECOL was among the top gainers in the U.S. industrial sector after gaining 9.8% and closed at its 52-week high of $42.26 while recording significant volumes of 605,851 shares. During the past 5 trading sessions, ECOL gained 13.9% with daily average traded volumes of 296,651 shares, while the stock accumulated over 10% during the past one month with daily average volume of 164,605 shares. The stock gained momentum after ECOL announced an agreement to acquire The Environmental Quality Company (EQ), a fully-integrated environmental services and waste management company for $465 million and the deal is expected to close in the second or third quarter of 2014. The acquisition of EQ will provide an expanded environmental services platform, broadening ECOL’s geographic footprint and providing for a greater array of services to better meet the needs of customers.
Company Description:
US Ecology Inc (NASDAQ: ECOL) provides disposal, treatment, transportation, packaging, and remediation services for generators of hazardous, non-hazardous, and low-level radioactive waste. The company’s customers include the chemical, petroleum, steel and pharmaceutical industries as well as universities and hospitals.
1-Year Stock Chart:
Source: Bloomberg
