News headlines about MagneGas (NASDAQ:MNGA) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MagneGas earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 44.9044251019013 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Knock at Technical analysis on MagneGas Corporation (MNGA) – Wall Street Morning (wallstreetmorning.com)
- Where Magnegas Corporation (MNGA) Stands on Analytical Review Chart? – ExpertGazette (expertgazette.com)
- MagneGas Doubles San Diego Sales Force – Power Engineering Magazine (power-eng.com)
- MagneGas Announces Record Pace of New Industrial Gas and Welding Clients (finance.yahoo.com)
Shares of MagneGas (NASDAQ:MNGA) opened at $1.31 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.08. MagneGas has a 12-month low of $1.24 and a 12-month high of $79.50. The company has a market capitalization of $1.99, a price-to-earnings ratio of -0.04 and a beta of -1.01.
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.
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