Metalico Inc. (MEA) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $1.62 and $1.80 in the past one-month time frame.
This ferrous and non-ferrous scrap metal recycling company has seen no estimate revision in the last one month and its Zacks Consensus Estimate remained static over the same time frame. Yesterday’s price action is encouraging though. So, make sure to keep a close watch on this firm in the near future.
Metalico currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the pollution control industry include Tetra Tech Inc. (TTEK), Fuel-Tech, Inc. (FTEK) and Pure Cycle Corporation (PCYO). While Tetra Tech and Fuel-Tech hold a Zacks Rank #1 (Strong Buy), Pure Cycle Corporation carries a Zacks Rank #2 (Buy).
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METALICO INC (MEA): Free Stock Analysis Report
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