Pacific Ethanol Stock Gaps Down On Today's Open (PEIX)
Shares of Pacific Ethanol (Nasdaq:PEIX) were gapping down Tuesday morning with an open price 22.4% lower than Monday's closing price. The stock closed at $1.61 yesterday and opened today's trading at $1.25.
NEW YORK ( TheStreet) -- Shares of Pacific Ethanol (Nasdaq: PEIX) were gapping down Tuesday morning with an open price 22.4% lower than Monday's closing price. The stock closed at $1.61 Monday and opened today's trading at $1.25. The average volume for Pacific Ethanol has been 10.3 million shares per day over the past 30 days. Pacific Ethanol has a market cap of $103.8 million and is part of the basic materials sector and chemicals industry. Shares are up 51.9% year to date as of the close of trading on Monday. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.