Pacific Ethanol Stock Falls On Unusually High Volume (PEIX)

NEW YORK ( TheStreet) -- Pacific Ethanol (Nasdaq: PEIX) is trading at unusually high volume Thursday with 22.4 million shares changing hands. It is currently at four times its average daily volume and trading down 9 cents (-6.5%) at $1.30 as of 12:55 p.m. ET.

Pacific Ethanol has a market cap of $102.5 million and is part of the basic materials sector and chemicals industry. Shares are down 73.7% year to date as of the close of trading on Wednesday.

Pacific Ethanol, Inc. produces and markets low carbon renewable fuels in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington. The company offers ethanol and its co-products, including wet distillers grains.

TheStreet Ratings rates Pacific Ethanol as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, generally disappointing historical performance in the stock itself and generally weak debt management. You can view the full Pacific Ethanol Ratings Report.

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