Somewhat Positive News Coverage Extremely Likely to Affect MagneGas Corporation (MNGA) Stock Price
Press coverage about MagneGas Corporation (NASDAQ:MNGA) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MagneGas Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Near-Term, Can This Stock Move the Needle: MagneGas Corporation (NASDAQ:MNGA) – FLBC News (flbcnews.com)
- Can This Stock Gain Any Traction: MagneGas Corporation (NASDAQ:MNGA)? – FLBC News (flbcnews.com)
- MagneGas Could Revolutionize The Welding Industry (seekingalpha.com)
MagneGas Corporation (NASDAQ:MNGA) traded up 1.59% during midday trading on Monday, hitting $1.28. 45,803 shares of the stock traded hands. The stock’s market cap is $7.63 million. The company has a 50-day moving average price of $1.73 and a 200 day moving average price of $3.75. MagneGas Corporation has a one year low of $1.13 and a one year high of $9.20.
MagneGas Corporation (NASDAQ:MNGA) last issued its earnings results on Monday, May 15th. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter. MagneGas Corporation had a negative net margin of 470.82% and a negative return on equity of 259.45%. The company had revenue of $0.87 million during the quarter. Equities research analysts anticipate that MagneGas Corporation will post ($1.20) earnings per share for the current year.
Separately, ValuEngine lowered shares of MagneGas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
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MagneGas Corporation Company Profile
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.
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