Metalico Shares Climb 9% (MEA)

Shares of Metalico Inc. MEA are trading up 9% at $5.67 per share during the Thursday afternoon trading session. The day's trading range for shares of Metalico Inc has been between $5.20 and $$5.71 per share. Analysts covering Metalico Inc. (MEA) stock give it a consensus price target of $7.67 per share. Trading volume for Metalico Inc has been heavier than usual, with 880,000 shares having been traded today, well above the daily average volume of 540,000 shares. Metalico, Inc is a holding company with operations in two principal business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The company operates twenty-four recycling facilities in New York, Pennsylvania, Ohio, West Virginia, New Jersey, Texas, and Mississippi and four lead fabricating plants in Alabama, Illinois, and California. Read more from Benzinga's Company news.