Insider Selling: Metalico Director Unloads 4,900 Shares of Stock (MEA)
Metalico (NYSE:MEA) Director Bret R. Maxwell sold 4,900 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1.18, for a total transaction of $5,782.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Metalico (NYSE:MEA) remained flat at $1.18 during during mid-day trading trading on Tuesday. The stock had a trading volume of 80,667 shares. Metalico has a 52 week low of $1.12 and a 52 week high of $2.68. The stock has a 50-day moving average of $1.38 and a 200-day moving average of $1.77. The company’s market cap is $56.9 million.
Metalico (NYSE:MEA) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ 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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