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:

How to Become a New Pot Stock Millionaire

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.

WARNING: “MagneGas (MNGA) Receives Coverage Optimism Score of 0.06” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2018/04/17/magnegas-mnga-getting-somewhat-positive-media-coverage-study-shows.html.

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.

Insider Buying and Selling by Quarter for MagneGas (NASDAQ:MNGA)

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.

Leave a Reply