Stock Rating Downgrade
The Value Trend Rating for Pangaea Logistics Solutions Ltd (NASDAQ: PANL) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Pangaea Logistics Solutions Ltd (NASDAQ: PANL) stock closed at $7.14 on 9/27/24 after a decline of -3.8%. NORMAL trading volume accompanied the decline. The stock has risen 7.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PANL is expected to continue to be an important Value Builder.
Pangaea Logistics Solutions has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Pangaea Logistics Solutions has a good Appreciation Score of 81 but a neutral Power Rating of 44, resulting in the High Neutral Value Trend Rating.
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