Pangaea Logistics Solutions (NASDAQ:PANL) released its quarterly earnings data on Wednesday. The shipping company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01), Bloomberg Earnings reports. Pangaea Logistics Solutions had a net margin of 1.10% and a return on equity of 6.90%.
Pangaea Logistics Solutions stock traded down $0.16 during trading hours on Thursday, hitting $3.01. 49,611 shares of the company’s stock traded hands, compared to its average volume of 44,565. Pangaea Logistics Solutions has a 12-month low of $2.13 and a 12-month high of $8.40. The firm has a market capitalization of $130.95, a P/E ratio of 39.63 and a beta of 0.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.08 and a current ratio of 1.31.
PANL has been the topic of several research reports. TheStreet upgraded shares of Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday, November 27th. ValuEngine upgraded shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Finally, Noble Financial initiated coverage on shares of Pangaea Logistics Solutions in a report on Tuesday, December 12th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating, Pangaea Logistics Solutions has a consensus rating of “Buy” and a consensus target price of $57.35.
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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