Headlines about MagneGas (NASDAQ:MNGA) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MagneGas earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.2710872063586 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of MagneGas (NASDAQ MNGA) traded up $0.02 during mid-day trading on Wednesday, reaching $0.35. The company’s stock had a trading volume of 2,234,100 shares, compared to its average volume of 1,093,520. The company has a market capitalization of $56.60, a P/E ratio of -0.16 and a beta of -0.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.26 and a current ratio of 0.70. MagneGas has a 1-year low of $0.29 and a 1-year high of $5.70.
MagneGas (NASDAQ:MNGA) last announced its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.39) EPS for the quarter. MagneGas had a negative net margin of 371.23% and a negative return on equity of 277.02%. The firm had revenue of $0.88 million during the quarter. research analysts predict that MagneGas will post -0.94 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “MagneGas (NASDAQ:MNGA) Receiving Somewhat Favorable Press Coverage, Study Shows” was first reported by BBNS and is owned by of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://baseballnewssource.com/markets/magnegas-mnga-given-news-sentiment-score-of-0-09/1823027.html.
MagneGas 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.
Receive News & Ratings for MagneGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagneGas and related companies with MarketBeat.com's FREE daily email newsletter.