MagneGas (MNGA) Earning Somewhat Critical News Coverage, Study Finds

News headlines about MagneGas (NASDAQ:MNGA) have been trending somewhat negative on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news 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. MagneGas earned a daily sentiment score of -0.05 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.1916493557158 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of NASDAQ MNGA traded down $0.02 during midday trading on Friday, hitting $0.50. 6,600 shares of the company’s stock were exchanged, compared to its average volume of 538,727. MagneGas has a 12-month low of $0.52 and a 12-month high of $33.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.64 and a quick ratio of 1.07.

Separately, HC Wainwright set a $6.00 price objective on MagneGas and gave the stock a “buy” rating in a report on Wednesday, April 4th.

MagneGas Company Profile

MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of liquid and liquid waste in the United States and internationally. The company produces gas bottled in cylinders and distributes to the metalworking market as an alternative to acetylene.

Insider Buying and Selling by Quarter for MagneGas (NASDAQ:MNGA)

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