Metalico Inc (AMEX: MEA) is on The StockGuru Leader Board today. The stock closed up 6.73% on Thursday.
Volume was 569,808 shares traded.
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About the Company:
Metalico, Inc., through its subsidiaries, engages in scrap metal recycling and lead metal products fabricating activities primarily in the United States. Its Scrap Metal Recycling segment collects industrial and obsolete ferrous and non-ferrous scrap metals; processes into reusable forms; and supplies the recycled metals to electric arc furnace mills, integrated steel mills, foundries, secondary smelters, aluminum recyclers, and metal brokers, as well as to exporters and international brokers. This segment offers ferrous products, which include sheared and bundled scrap metals and other scrap metals, such as turnings and busheling, and broken cast iron, as well as sorts, processes, and packages non-ferrous metals, which include aluminum, copper, stainless steel, brass, nickel-based alloys, and high-temperature alloys for resale. The Scrap Metal Recycling segment also recycles the platinum group metals, such as platinum, palladium, and rhodium from the substrate material retrieved from the recycling of catalytic converters. The companys Lead Fabricating segment manufactures and sells sheet lead, shot, extruded strip lead, machined lead parts, and cast lead, as well as other lead products, including roof flashings, lead wool, anodes, and babbitt. This segment sells its products to distributors, wholesalers, the plumbing and building trades, equipment manufacturers, and other consumers in various industries, such as roofing, plumbing, radiation shielding, healthcare, ammunition, and automotive industries, as well as to the Department of Defense contractors. Metalico, Inc. was founded in 1997 and is headquartered in Cranford, New Jersey.
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