Metalico (MEA) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Metalico (NYSE:MEA) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02, AnalystRatings.NET reports. The company had revenue of $142.00 million for the quarter, compared to the consensus estimate of $141.86 million.
Shares of Metalico (NYSE:MEA) traded up 0.69% during mid-day trading on Wednesday, hitting $1.46. 149,872 shares of the company’s stock traded hands. Metalico has a 52-week low of $1.11 and a 52-week high of $2.68. The stock’s 50-day moving average is $1.35 and its 200-day moving average is $1.55. The company’s market cap is $70.4 million. Metalico also saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 820,597 shares, a growth of 38.7% from the July 15th total of 591,511 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 187,672 shares, the days-to-cover ratio is currently 4.4 days.
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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