Zacks downgraded shares of Metalico (NYSE:MEA) from a neutral rating to an underperform rating in a research note released on Monday morning, AmericanBankingNews.com reports. They currently have $1.50 target price on the stock.
Shares of Metalico (NYSE:MEA) traded up 7.78% during mid-day trading on Monday, hitting $1.7568. 393,598 shares of the company’s stock traded hands. Metalico has a one year low of $1.15 and a one year high of $2.25. The stock’s 50-day moving average is $1.62 and its 200-day moving average is $1.48. The company’s market cap is $84.4 million.
Metalico (NYSE:MEA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.11. The company had revenue of $136.00 million for the quarter, compared to the consensus estimate of $139.40 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Metalico will post $-0.20 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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