Pangaea Logistics Solutions (NASDAQ:PANL – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Pangaea Logistics Solutions Price Performance
Pangaea Logistics Solutions stock opened at $6.27 on Friday. The stock has a market cap of $294.06 million, a P/E ratio of 8.04 and a beta of 0.86. The company has a fifty day simple moving average of $6.64 and a 200-day simple moving average of $7.12. The company has a current ratio of 2.16, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. Pangaea Logistics Solutions has a 12-month low of $5.74 and a 12-month high of $9.52.
Pangaea Logistics Solutions (NASDAQ:PANL – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The shipping company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The company had revenue of $131.50 million for the quarter, compared to analyst estimates of $98.09 million. Pangaea Logistics Solutions had a return on equity of 8.76% and a net margin of 7.02%. During the same period in the previous year, the business posted $0.10 EPS. Equities analysts expect that Pangaea Logistics Solutions will post 0.76 EPS for the current fiscal year.
Hedge Funds 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.
Featured Stories
- Five stocks we like better than Pangaea Logistics Solutions
- What Investors Need to Know to Beat the Market
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- How to Read Stock Charts for Beginners
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Tesla Stock: Buy the Dips, Sell the Rips
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.