On 3/14/24, Pangaea Logistics Solutions Ltd (NASDAQ: PANL) stock suffered a major decline of -15.6%, closing at $7.00. Moreover, trading volume in this decline was exceptionally high at 564% of normal. The stock has declined -14.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PANL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Pangaea Logistics Solutions has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Pangaea Logistics Solutions has a good Appreciation Score of 82 and a very high Power Rating of 94, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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