Pacific Ethanol Inc. (PEIX) had a rough trading day for Wednesday December 04 as shares tumbled 5.07%, or a loss of $-0.0268 per share, to close at $0.50. After opening the day at $0.51, shares of Pacific Ethanol Inc. traded as high as $0.54 and as low as $0.50. Volume was 238,542 shares over 479 trades, against an average daily volume of n/a shares and a total float of 49.76 million.
As a result of the decline, Pacific Ethanol Inc. now has a market cap of $24.98 million. In the last year, shares of Pacific Ethanol Inc. have traded between a range of $1.70 and $0.39, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Pacific Ethanol Inc is a producer and marketer of renewable fuels. It owns and operates several ethanol production facilities distributed across the Western and Midwestern United States. The company operates across two segments: production and marketing. Its production segment includes the production and sale of ethanol and co-products, such as corn oil, distillers grains, and corn gluten meal. Its marketing segment includes the marketing, distribution, and trading of ethanol. The majority of companywide revenue comes from the production and sale of ethanol, with co-products accounting for a smaller portion. Pacific Ethanol’s customers are mainly integrated oil companies and gasoline marketers that blend ethanol into their gasoline.
Pacific Ethanol Inc. is based out of Sacramento, CA and has some 510 employees. Its CEO is Neil M. Koehler.
Pacific Ethanol Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
