Pangaea Logistics Solutions (NASDAQ:PANL – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Pangaea Logistics Solutions Price Performance
Shares of NASDAQ:PANL opened at $6.37 on Thursday. The business has a fifty day simple moving average of $6.65 and a 200-day simple moving average of $7.14. Pangaea Logistics Solutions has a 52 week low of $5.74 and a 52 week high of $9.52. The company has a quick ratio of 1.82, a current ratio of 2.16 and a debt-to-equity ratio of 0.57. The company has a market cap of $298.77 million, a P/E ratio of 8.38 and a beta of 0.86.
Pangaea Logistics Solutions (NASDAQ:PANL – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The shipping company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Pangaea Logistics Solutions had a return on equity of 8.76% and a net margin of 7.02%. The company had revenue of $131.50 million for the quarter, compared to analyst estimates of $98.09 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts forecast that Pangaea Logistics Solutions will post 0.76 EPS for the current year.
Institutional Investors Weigh In On Pangaea Logistics Solutions
About Pangaea Logistics Solutions
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.
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