StockNews.com cut shares of Pangaea Logistics Solutions (NASDAQ:PANL – Free Report) from a hold rating to a sell rating in a research report report published on Monday morning.
Pangaea Logistics Solutions Stock Up 0.6 %
PANL stock opened at $5.46 on Monday. The stock has a market capitalization of $354.69 million, a P/E ratio of 11.62 and a beta of 0.84. The firm has a 50-day simple moving average of $5.27 and a 200-day simple moving average of $5.83. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. Pangaea Logistics Solutions has a 52 week low of $4.69 and a 52 week high of $8.32.
Pangaea Logistics Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 7.33%. Pangaea Logistics Solutions’s dividend payout ratio is presently 64.52%.
Institutional Trading of Pangaea Logistics Solutions
Pangaea Logistics Solutions Company Profile
Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
Read More
- Five stocks we like better than Pangaea Logistics Solutions
- What Is WallStreetBets and What Stocks Are They Targeting?
- Can TikTok Stock Picks Really Make You Rich?
- What is the Australian Securities Exchange (ASX)
- The “Quality” Rotation: Back to Basics Investing
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Pangaea Logistics Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pangaea Logistics Solutions and related companies with MarketBeat.com's FREE daily email newsletter.