Insider Selling: Metalico Director Unloads 48,200 Shares of Stock (MEA)
Metalico (NYSE:MEA) Director Bret R. Maxwell sold 48,200 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.27, for a total transaction of $61,214.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Metalico (NYSE:MEA) remained flat at $1.26 during during mid-day trading trading on Friday. 75,178 shares of the company’s stock traded hands. Metalico has a 52-week low of $1.15 and a 52-week high of $2.68. The stock has a 50-day moving average of $1.46 and a 200-day moving average of $1.79. The company’s market cap is $60.7 million.
Metalico (NYSE:MEA) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.03. The company had revenue of $135.00 million for the quarter, compared to the consensus estimate of $133.50 million. On average, analysts predict that Metalico will post $-0.13 earnings per share for the current fiscal year.
Metalico, Inc (NYSE:MEA), operates in three business segments: ferrous and non-ferrous scrap metal recycling, Scrap Metal Recycling), platinum group and minor metals recycling (PGM and Minor Metals Recycling) and lead metal product fabricating (Lead Fabricating).
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