Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Pangaea Logistics Solutions (PANL) Share Price
News coverage about Pangaea Logistics Solutions (NASDAQ:PANL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pangaea Logistics Solutions earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 45.0687147377251 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Pangaea Logistics Solutions (PANL) traded up $0.84 during mid-day trading on Monday, hitting $3.21. 615,898 shares of the company’s stock were exchanged, compared to its average volume of 14,693. The stock has a market capitalization of $103.79, a PE ratio of 6.97 and a beta of 0.38. Pangaea Logistics Solutions has a 12-month low of $2.14 and a 12-month high of $4.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.12 and a quick ratio of 0.92.
Pangaea Logistics Solutions (NASDAQ:PANL) last announced its quarterly earnings results on Monday, August 14th. The shipping company reported $0.01 EPS for the quarter. The company had revenue of $91.42 million for the quarter. Pangaea Logistics Solutions had a net margin of 0.88% and a return on equity of 6.56%.
Several analysts have weighed in on the stock. Deutsche Bank AG assumed coverage on shares of Pangaea Logistics Solutions in a research note on Wednesday, August 30th. They issued a “buy” rating and a $111.10 price target for the company. Fearnley Fonds assumed coverage on shares of Pangaea Logistics Solutions in a research note on Tuesday, October 10th. They issued a “buy” rating and a $3.60 price target for the company.
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About Pangaea Logistics Solutions
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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