Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Pangaea Logistics Solutions (PANL) Stock Price
Media coverage about Pangaea Logistics Solutions (NASDAQ:PANL) has been trending somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pangaea Logistics Solutions earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 46.0882087484846 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday. Fearnley Fonds assumed coverage on shares of Pangaea Logistics Solutions in a report on Tuesday, October 10th. They set a “buy” rating and a $3.60 target price on the stock. Finally, Deutsche Bank assumed coverage on shares of Pangaea Logistics Solutions in a report on Wednesday, August 30th. They set a “buy” rating and a $111.10 target price on the stock.
Pangaea Logistics Solutions (NASDAQ:PANL) traded up $0.01 during trading on Wednesday, reaching $4.51. 65,600 shares of the company’s stock were exchanged, compared to its average volume of 35,105. The firm has a market cap of $193.14, a price-to-earnings ratio of 13.06 and a beta of 0.15. Pangaea Logistics Solutions has a 12 month low of $2.14 and a 12 month high of $8.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.08 and a current ratio of 1.31.
Pangaea Logistics Solutions (NASDAQ:PANL) last released its earnings results on Thursday, November 9th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $107.02 million for the quarter. Pangaea Logistics Solutions had a net margin of 1.10% and a return on equity of 6.90%.
In other Pangaea Logistics Solutions news, Director Anthony Laura sold 13,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $4.50, for a total transaction of $58,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 86.15% of the stock is owned by corporate insiders.
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About Pangaea Logistics Solutions
Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
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