Insider Selling: Bret R. Maxwell Sells 1,090 Shares of Metalico Stock (MEA)
Metalico (NYSE:MEA) Director Bret R. Maxwell sold 1,090 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $1.20, for a total value of $1,308.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Metalico (NYSE:MEA) traded up 2.59% during mid-day trading on Friday, hitting $1.19. 171,774 shares of the company’s stock traded hands. Metalico has a 1-year low of $1.12 and a 1-year high of $2.68. The stock has a 50-day moving average of $1.39 and a 200-day moving average of $1.77. The company’s market cap is $57.4 million.
Metalico (NYSE:MEA) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Metalico will post $-0.13 EPS 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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