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 Wednesday.
Pangaea Logistics Solutions Stock Down 2.3 %
Shares of PANL stock traded down $0.16 during trading hours on Wednesday, reaching $6.70. The company had a trading volume of 138,158 shares, compared to its average volume of 217,617. Pangaea Logistics Solutions has a twelve month low of $5.74 and a twelve month high of $9.52. The stock’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $7.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.16. The company has a market capitalization of $314.24 million, a P/E ratio of 8.82 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Pangaea Logistics Solutions had a net margin of 7.02% and a return on equity of 8.76%. The business had revenue of $131.50 million for the quarter, compared to analyst estimates of $98.09 million. During the same quarter last year, the business earned $0.10 EPS. As a group, sell-side analysts expect that Pangaea Logistics Solutions will post 0.76 earnings per share for the current fiscal year.
Institutional Investors Weigh In On 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.
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