A statement released earlier today by Zacks Investment Research about Pacific Ethanol Inc (NASDAQ:PEIX) bumps the target price to $7.50
- Updated: October 1, 2016
Having a price of $6.80, Pacific Ethanol Inc (NASDAQ:PEIX) traded 3.29% higher on the day. With the last close up 22.75% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Pacific Ethanol Inc has recorded a 50-day average of $6.64 and a two hundred day average of $5.63. Volume of trade was down over the average, with 583,800 shares of PEIX changing hands under the typical 633,367
Stating a potential upside of 0.10%, Zacks Investment Research upped the price target of Pacific Ethanol Inc (NASDAQ:PEIX) to $7.50
With a total market value of $0, Pacific Ethanol Inc has with a one year low of $2.41 and a one year high of $7.64 .
More About Pacific Ethanol Inc (NASDAQ:PEIX)
Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the United States. The Company's segments include a production segment and a marketing segment. It owns and operates over eight ethanol production facilities at which it produces ethanol and co-products. It produces ethanol co-products, including wet distiller's grains, dry distillers' grains with soluble, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast and carbon dioxide. It markets distiller's grains and other feed co-products to dairies and feedlots in various cases located near its ethanol plants. Approximately four of its plants are in the Western states of California, Oregon and Idaho, or the Pacific Ethanol West plants; and over four of its plants are located in the Midwestern states of Illinois and Nebraska, or the Pacific Ethanol Central plants. Its plants have ethanol production capacity of over 515 million gallons per year.
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