Positive News Coverage Somewhat Unlikely to Impact Pangaea Logistics Solutions (PANL) Share Price
Headlines about Pangaea Logistics Solutions (NASDAQ:PANL) have trended positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pangaea Logistics Solutions earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 44.8618170817408 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Pangaea Logistics Solutions (NASDAQ PANL) traded up $0.23 during trading on Friday, hitting $2.87. The stock had a trading volume of 52,448 shares, compared to its average volume of 53,134. The stock has a market cap of $136.64, a PE ratio of 35.88 and a beta of 0.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.08 and a current ratio of 1.31. Pangaea Logistics Solutions has a 12 month low of $2.13 and a 12 month high of $8.40.
Several equities analysts have recently commented on the company. TheStreet upgraded Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. Noble Financial assumed coverage on Pangaea Logistics Solutions in a research note on Tuesday, December 12th. They set a “buy” rating for the company. Finally, ValuEngine upgraded Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Four analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $57.35.
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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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