Pacific Ethanol (NASDAQ:PEIX) Trading Up 6.3%

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Shares of Pacific Ethanol Inc (NASDAQ:PEIX) traded up 6.3% on Monday . The stock traded as high as $0.52 and last traded at $0.51, 132,305 shares traded hands during trading. A decline of 66% from the average session volume of 393,598 shares. The stock had previously closed at $0.48.

The company has a quick ratio of 0.44, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $24.52 million, a PE ratio of -0.36 and a beta of 1.70. The company has a 50-day moving average of $0.54 and a 200 day moving average of $0.69.

Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.42). Pacific Ethanol had a negative return on equity of 26.57% and a negative net margin of 5.70%. The firm had revenue of $365.16 million for the quarter, compared to analysts’ expectations of $359.26 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. As a group, equities analysts predict that Pacific Ethanol Inc will post -0.87 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Pacific Ethanol by 42.6% during the second quarter. Renaissance Technologies LLC now owns 2,062,077 shares of the oil and gas company’s stock worth $1,577,000 after purchasing an additional 615,846 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Pacific Ethanol by 55.0% during the second quarter. Vanguard Group Inc. now owns 1,910,502 shares of the oil and gas company’s stock worth $1,461,000 after purchasing an additional 677,991 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Pacific Ethanol by 112.2% during the second quarter. Bank of New York Mellon Corp now owns 183,507 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 97,036 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Pacific Ethanol during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 32.80% of the company’s stock.

Pacific Ethanol Company Profile (NASDAQ:PEIX)

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; and co-products, such as wet and dry distillers grains, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.

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