Boston, MA 05/28/2013 (wallstreetpr) – BioFuel Energy Corp. (NASDAQ:BIOF) involved in the production and selling of ethanol products had witnessed a decline in the share prices to the extent of 6.82 percent to close at $4.37 per share for the end of last trading session. The shares of the ethanol products company had been trading in the range of $4.32 to $4.62 per share during the day.
BioFuel Energy Corp. (NASDAQ:BIOF) had recently announced the financial results for the first quarter of 2013, in which the company had registered revenues of $89 million and net loss of $5.3 million compared to the net loss of $11.1 million for the same quarter of previous year. The net loss attributable to shareholders was observed to be $0.87 per basic and diluted share for the three months ended on March 31, 2013 compared to the net loss of $1.83 per basic and diluted share for the three months ended on March 31, 2012.
The holding company is involved in the production and selling of ethanol and its co products such as distillers grain and corn oil and has two major production facilities located at Wood River, Nebraska and Fairmont, Minnesota. The shares of BioFuel Energy Corp. (NASDAQ:BIOF) had recorded 52 week low price level of $2.07 per share and 52 week high price level of $10.75 per share. The ethanol products manufacturer presently holds 6.28 million shares outstanding and the institutional ownership in BioFuel Energy Corp. (NASDAQ:BIOF) is at 44 percent of its holdings.
