MagneGas (MNGA) Receives Coverage Optimism Score of 0.06

Media coverage about MagneGas (NASDAQ:MNGA) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MagneGas earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.4823279535145 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

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Separately, HC Wainwright set a $6.00 price objective on MagneGas and gave the company a “buy” rating in a research note on Thursday, March 1st.

Shares of MagneGas stock traded up $0.04 on Tuesday, hitting $0.82. The stock had a trading volume of 1,109,523 shares, compared to its average volume of 1,227,731. MagneGas has a 52-week low of $0.76 and a 52-week high of $57.00. 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 capitalization of $1.37, a P/E ratio of -0.02 and a beta of -0.35.

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MagneGas Company Profile

MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of liquid and liquid waste in the United States and internationally. The company produces gas bottled in cylinders and distributes to the metalworking market as an alternative to acetylene.

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