Pangaea Logistics Solutions (NASDAQ:PANL) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Several other equities analysts also recently commented on the stock. Noble Financial assumed coverage on shares of Pangaea Logistics Solutions in a research note on Tuesday. They issued a “buy” rating on the stock. TheStreet upgraded shares of Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. Fearnley Fonds assumed coverage on shares of Pangaea Logistics Solutions in a research note on Tuesday, October 10th. They issued a “buy” rating and a $3.60 price target on the stock. Finally, Deutsche Bank assumed coverage on shares of Pangaea Logistics Solutions in a research note on Wednesday, August 30th. They issued a “buy” rating and a $111.10 price target on the stock. Four research analysts have rated the stock with a buy rating, Pangaea Logistics Solutions currently has an average rating of “Buy” and an average target price of $57.35.
Pangaea Logistics Solutions (NASDAQ PANL) traded up $0.60 during mid-day trading on Friday, hitting $4.50. 40,953 shares of the company traded hands, compared to its average volume of 50,280. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.31 and a quick ratio of 1.08. Pangaea Logistics Solutions has a fifty-two week low of $2.14 and a fifty-two week high of $8.40. The firm has a market capitalization of $170.80, a P/E ratio of 11.47 and a beta of 0.98.
In other Pangaea Logistics Solutions news, Director Anthony Laura sold 13,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $4.50, for a total transaction of $58,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 86.15% of the company’s stock.
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About Pangaea Logistics Solutions
Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
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