MagneGas Corporation (NASDAQ:MNGA) Scheduled to Post Earnings on Monday
MagneGas Corporation (NASDAQ:MNGA) will release its earnings data after the market closes on Monday, August 14th.
MagneGas Corporation (NASDAQ:MNGA) last released its quarterly earnings results on Monday, May 15th. The oil and gas company reported ($0.30) earnings per share for the quarter. MagneGas Corporation had a negative net margin of 470.82% and a negative return on equity of 259.45%. The firm had revenue of $0.87 million for the quarter. On average, analysts expect MagneGas Corporation to post $-1.20 EPS for the current fiscal year and $-0.12 EPS for the next fiscal year.
MagneGas Corporation (NASDAQ MNGA) traded down 8.70% on Friday, hitting $0.42. 194,912 shares of the company were exchanged. MagneGas Corporation has a 52 week low of $0.42 and a 52 week high of $8.70. The stock’s market capitalization is $2.50 million. The company has a 50 day moving average price of $1.00 and a 200-day moving average price of $2.97.
Separately, ValuEngine downgraded shares of MagneGas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
MagneGas Corporation Company Profile
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.
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