Pangaea Logistics Solutions (NASDAQ:PANL) is set to announce its earnings results on Tuesday, March 20th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Pangaea Logistics Solutions (NASDAQ PANL) opened at $3.06 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $140.15, a P/E ratio of 38.25 and a beta of 0.22. Pangaea Logistics Solutions has a twelve month low of $2.13 and a twelve month high of $8.40.
Several equities analysts have commented on PANL shares. TheStreet raised Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday, November 27th. Noble Financial started coverage on Pangaea Logistics Solutions in a report on Tuesday, December 12th. They issued a “buy” rating for the company. Finally, ValuEngine raised Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Four equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $57.35.
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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