Pacific Ethanol Inc ( PEIX) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day up 3.2%. By the end of trading, Pacific Ethanol Inc fell 2 cents (-1.6%) to $1.24 on heavy volume. Throughout the day, 13.9 million shares of Pacific Ethanol Inc exchanged hands as compared to its average daily volume of 7.3 million shares. The stock ranged in price between $1.12-$1.42 after having opened the day at $1.41 as compared to the previous trading day's close of $1.26. Other company's within the Chemicals industry that declined today were: BioFuel Energy Corporation ( BIOF), down 10.6%, Pure Bioscience Inc ( PURE), down 5.7%, Rentech Inc ( RTK), down 4.2%, and Lightbridge ( LTBR), down 3.3%. 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. Pacific Ethanol Inc has a market cap of $94.8 million and is part of the basic materials sector. Shares are down 75.1% year to date as of the close of trading on Friday. 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.
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