News coverage about Pangaea Logistics Solutions (NASDAQ:PANL) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pangaea Logistics Solutions earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.9531059344773 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
PANL has been the topic of a number of research reports. Fearnley Fonds initiated 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 on the stock. Deutsche Bank AG initiated 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 on the stock.
Shares of Pangaea Logistics Solutions (NASDAQ:PANL) traded up $0.43 on Friday, reaching $4.38. 78,801 shares of the company were exchanged, compared to its average volume of 222,978. Pangaea Logistics Solutions has a twelve month low of $2.14 and a twelve month high of $8.40. The firm has a market cap of $191.82, a price-to-earnings ratio of 12.88 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 1.31.
Pangaea Logistics Solutions (NASDAQ:PANL) last announced its earnings results on Thursday, November 9th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. Pangaea Logistics Solutions had a net margin of 1.10% and a return on equity of 6.90%. The firm had revenue of $107.02 million for the quarter.
In other Pangaea Logistics Solutions news, Director Anthony Laura sold 13,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $4.50, for a total transaction of $58,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 86.15% of the company’s stock.
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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