Media stories about Pangaea Logistics Solns (NASDAQ:PANL) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pangaea Logistics Solns earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.3617174175636 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Pangaea Logistics Solns stock traded down $0.07 during trading hours on Friday, reaching $2.73. 74,384 shares of the company were exchanged, compared to its average volume of 32,707. The stock has a market capitalization of $120.38, a P/E ratio of 7.18 and a beta of 0.23. The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. Pangaea Logistics Solns has a 12 month low of $2.13 and a 12 month high of $8.40.
Pangaea Logistics Solns (NASDAQ:PANL) last released its quarterly earnings data on Wednesday, March 21st. The shipping company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $102.19 million for the quarter, compared to analyst estimates of $96.80 million. Pangaea Logistics Solns had a return on equity of 8.61% and a net margin of 2.03%. sell-side analysts anticipate that Pangaea Logistics Solns will post 0.56 earnings per share for the current year.
Several equities analysts have recently commented on the stock. Noble Financial assumed coverage on shares of Pangaea Logistics Solns in a research report on Tuesday, December 12th. They set a “buy” rating for the company. ValuEngine raised Pangaea Logistics Solns from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research cut Pangaea Logistics Solns from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $57.35.
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About Pangaea Logistics Solns
Pangaea Logistics Solutions Ltd, together with its subsidiaries, provides seaborne dry bulk transportation services to industrial customers worldwide. Its dry bulk cargoes include grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company also provides cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management services.
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