Media coverage about MagneGas (NASDAQ:MNGA) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MagneGas earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 44.9684639769072 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
MagneGas (MNGA) traded down $0.03 during midday trading on Friday, hitting $1.31. 294,795 shares of the stock were exchanged, compared to its average volume of 482,891. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.08. MagneGas has a 1 year low of $1.24 and a 1 year high of $79.50. The company has a market capitalization of $2.28, a P/E ratio of -0.04 and a beta of -1.01.
MagneGas (NASDAQ:MNGA) last released its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter. MagneGas had a negative net margin of 371.23% and a negative return on equity of 277.02%. The business had revenue of $0.88 million for the quarter. equities research analysts expect that MagneGas will post -14.09 earnings per share for the current year.
In related news, Director Carla Santilli sold 108,334 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $0.31, for a total transaction of $33,583.54. Following the completion of the sale, the director now owns 375,199 shares of the company’s stock, valued at $116,311.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.00% of the company’s stock.
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MagneGas 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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