News Spotlight: Pangaea Logistics Solutions Ltd.(NASDAQ:PANL)

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL), changed -1.99% to recent value of $3.45. The stock transacted 15192 shares during most recent day however it has an average volume of 25.53K shares. It spotted trading -20.69% off 52-week high price. On the other end, the stock has been noted 24.10% away from the low price over the last 52-weeks.

On Aug. 7, 2019, Pangaea Logistics Solutions Ltd.(NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, revealed that it will host a teleconference to discuss the Company’s second quarter financial results, including a question and answer session with management at 8:00 a.m. ET on Tuesday, August 13, 2019. Pangaea will release its second quarter financial results after market hours on Monday, August 12, 2019 along with an accompanying presentation that will be available with our Securities and Exchange Commission filing.


About Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning.

PANL has a gross margin of 28.70% and an operating margin of 8.70% while its profit margin remained 4.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 106.80% for this year.

The company has 44.47M of outstanding shares and 23.69M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.49% from the mean of 20 days, -0.14% from mean of 50 days SMA and performed 4.69% from mean of 200 days price. Company’s performance for the week was -2.54%, 1.47% for month and YTD performance remained 13.86%.

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