Shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) hit a new 52-week low during trading on Friday . The company traded as low as $2.15 and last traded at $2.25, with a volume of 34,560 shares traded. The stock had previously closed at $2.55.

Separately, Deutsche Bank AG assumed coverage on Pangaea Logistics Solutions in a research report on Wednesday, August 30th. They issued a “buy” rating and a $111.10 price target on the stock.

The company has a market cap of $98.54 million, a PE ratio of 32.14 and a beta of 0.38. The company has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.99.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its quarterly earnings data on Monday, August 14th. The shipping company reported $0.01 earnings per share (EPS) for the quarter. Pangaea Logistics Solutions had a net margin of 0.88% and a return on equity of 6.56%. The firm had revenue of $91.42 million for the quarter. Equities analysts predict that Pangaea Logistics Solutions Ltd. will post ($0.02) earnings per share for the current year.

An institutional investor recently raised its position in Pangaea Logistics Solutions stock. RBF Capital LLC raised its position in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) by 16.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,179 shares of the shipping company’s stock after acquiring an additional 16,630 shares during the period. RBF Capital LLC owned approximately 0.33% of Pangaea Logistics Solutions worth $400,000 as of its most recent filing with the Securities & Exchange Commission. 28.65% of the stock is currently owned by institutional investors.

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Pangaea Logistics Solutions Company Profile

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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