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Alaska sold off some shares of struggling aluminum company Century Aluminum.
The State of Alaska Department of Revenue reduced its shares in Century Aluminum Company by 2.3% to 28,795 shares, valued at $534,000.
Despite this, Century Aluminum, which produces aluminum products, had a market cap of $1.68 billion, a P/E ratio of 15.30, and a beta of 2.55.
The company missed earnings expectations, reporting $0.28 EPS, below the estimated $0.53, but analysts predict a stronger performance with 2.76 EPS for the year.
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Alaska vendió algunas acciones de la empresa de aluminio Century Aluminum en apuros.