Insider Selling: Pacific Ethanol Director Unloads 2,915 Shares of Stock (PEIX)
Pacific Ethanol (NASDAQ:PEIX) Director Larry D. Layne unloaded 2,915 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $13.87, for a total value of $40,431.05. Following the completion of the sale, the director now directly owns 12,721 shares in the company, valued at approximately $176,440. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Pacific Ethanol (NASDAQ:PEIX) opened at 13.84 on Friday. Pacific Ethanol has a 52 week low of $2.33 and a 52 week high of $18.65. The stock’s 50-day moving average is $12.92 and its 200-day moving average is $10.3. The company’s market cap is $278.8 million.
Pacific Ethanol (NASDAQ:PEIX) last announced its earnings results on Wednesday, April 30th. The company reported ($0.69) earnings per share for the quarter, missing the analysts’ consensus estimate of $3.30 by $3.99. The company had revenue of $254.50 million for the quarter, compared to the consensus estimate of $225.50 million. On average, analysts predict that Pacific Ethanol will post $2.60 earnings per share for the current fiscal year.
Pacific Ethanol, Inc is a marketer and producer of low carbon renewable fuels in the Western United States.
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