Press coverage about MagneGas (NASDAQ:MNGA) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MagneGas earned a news impact score of 0.08 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.6484994068296 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
MagneGas (MNGA) traded up $0.02 during trading on Friday, reaching $0.33. The company’s stock had a trading volume of 2,684,200 shares, compared to its average volume of 967,100. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.26 and a current ratio of 0.70. The company has a market cap of $4.06, a PE ratio of -0.15 and a beta of -0.41. MagneGas has a fifty-two week low of $0.29 and a fifty-two week high of $5.70.
MagneGas (NASDAQ:MNGA) last posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.39) earnings per share for the quarter. The firm had revenue of $0.88 million for the quarter. MagneGas had a negative net margin of 371.23% and a negative return on equity of 277.02%. equities analysts forecast that MagneGas will post -0.94 EPS for the current year.
In other MagneGas news, Director Carla Santilli sold 108,334 shares of MagneGas stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $0.31, for a total transaction of $33,583.54. Following the sale, the director now directly owns 375,199 shares of the company’s stock, valued at approximately $116,311.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 180,843 shares of company stock worth $60,288. Insiders own 4.45% of the company’s stock.
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.