Midwest Energy Emissions (MEEC) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Midwest Energy Emissions (OTCMKTS:MEEC) released its quarterly earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01, Morningstar.com reports. The firm had revenue of $2.79 million for the quarter.
OTCMKTS:MEEC traded up $0.01 during mid-day trading on Thursday, hitting $0.28. 1,300 shares of the stock were exchanged, compared to its average volume of 45,262. The stock has a market cap of $21.35 million, a P/E ratio of -4.58 and a beta of 1.72. Midwest Energy Emissions has a fifty-two week low of $0.12 and a fifty-two week high of $0.40.
Separately, ValuEngine cut Midwest Energy Emissions from a “buy” rating to a “hold” rating in a report on Friday, March 1st.
Midwest Energy Emissions Company Profile
Midwest Energy Emissions Corp. operates as an environmental services and technology company. It focuses on the delivery of mercury capture technologies to coal-fired power plants in the United States, Canada, Europe, and Asia. The company is headquartered in Lewis Center, Ohio.
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