SOURCE: Metalico, Inc.

July 01, 2008 16:33 ET

Metalico Added to Russell 3000, Rises in IBD 100

CRANFORD, NJ--(Marketwire - July 1, 2008) - Metalico, Inc. (AMEX: MEA), a rapidly growing recycler of precious and base metal scrap, has been added to the broad-market Russell 3000 Index in this year's reconstitution of the comprehensive index. Metalico is also currently ranked Number 34 in the IBD 100 list of top stocks.

The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.

Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

The IBD 100 is an objective evaluation of growth-oriented stocks published weekly by Investors Business Daily. Analyses of component companies include assessments of growth in earnings per share, relative price strength, and strength of industry.

Metalico, Inc. is a rapidly growing holding company with operations in two principal business segments: ferrous, non-ferrous and precious scrap metal recycling, and fabrication of lead-based products. The Company operates twenty recycling facilities in New York, Pennsylvania, Ohio, New Jersey, Texas, Mississippi, and West Virginia and five lead fabrication plants in Alabama, Illinois, Nevada, and California. Metalico's common stock is traded on the American Stock Exchange under the symbol MEA.

Contact Information

  • Contact:
    Metalico, Inc.
    Carlos E. Agüero
    Michael J. Drury
    Email Contact

    186 North Avenue East
    Cranford, NJ 07016
    (908) 497-9610
    FAX: (908) 497-1097