Boston, MA 05/28/2013 (wallstreetpr) - The share prices of Pacific Ethanol Inc. (NASDAQ:PEIX) had declined by 6.46 percent to close at $4.63 per share for the end of last trading session. The shares had been trading in the range of $4.44 to $4.99 per share during the day. Pacific Ethanol Inc. (NASDAQ:PEIX), the leading producer and marketer of low carbon renewable fuels in the Western United States had recently effectuated a reverse stock split to its existing shareholders in the ratio of one for fifteen. Further the company had also filed to include the amendment in its Certificate of Incorporation to take effect for the reverse stock split.
Pacific Ethanol Inc. (NASDAQ:PEIX) has production facilities located in California, Idaho and Oregon and in addition, also markets the ethanol produced from three other producers in the Western United States and the ethanol purchased from producers across the United States. Further, the company also markets the co products of ethanol such as corn oil and distillers grain obtained from its production facilities of Pacific Ethanol Plants.
The shares of Pacific Ethanol Inc. (NASDAQ:PEIX) have recorded 52 week low price of $3.63 per share and 52 week high price level of $11.25 per share. The shares had recently witnessed surge in trading volume at 348,347 shares for the last trading session, while the average trading volume for the company is 288,220 shares per day. Pacific Ethanol Inc. (NASDAQ:PEIX) presently holds 10.65 million shares outstanding and the institutional ownership for the company is at 15 percent of the holdings.