Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Pangaea Logistics Solutions Ltd before investing.

In this article, we go over a few key elements for understanding Pangaea Logistics Solutions Ltd’s stock price such as:

• Pangaea Logistics Solutions Ltd’s current stock price and volume
• Why Pangaea Logistics Solutions Ltd’s stock price changed recently
• Upgrades and downgrades for PANL from analysts
• PANL’s stock price momentum as measured by its relative strength

About Pangaea Logistics Solutions Ltd (PANL)

Before we jump into Pangaea Logistics Solutions Ltd’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Pangaea Logistics Solutions Ltd. is a provider of seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. The Company offers services to a base of industrial customers who require the transportation of a variety of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels (m/v) in the Handymax, Supramax, Ultramax and Panamax and Post-Panamax segments. The Company operates 26 vessels which are wholly owned or partially-owned through joint ventures. The Company provides logistics services and commercially manages its fleet primarily from offices in Newport, Rhode Island, Copenhagen, Denmark and Singapore. Its logistics services and activities include cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management.

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Pangaea Logistics Solutions Ltd’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Pangaea Logistics Solutions Ltd’s stock price was $6.63.

Pangaea Logistics Solutions Ltd is down 5.42% from its previous closing price of $7.01.

During the last market session, Pangaea Logistics Solutions Ltd’s stock traded between $6.91 and $7.32. Currently, there are 45.21 million shares of Pangaea Logistics Solutions Ltd stock available for purchase.

Pangaea Logistics Solutions Ltd’s price-earnings (P/E) ratio is currently at 9.2, which is high compared to the Freight & Logistics - Marine industry median of 8.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Pangaea Logistics Solutions Ltd Stock Price History

Pangaea Logistics Solutions Ltd’s (PANL) price is currently down 8.68% so far this month.

During the month of August, Pangaea Logistics Solutions Ltd’s stock price has reached a high of $7.32 and a low of $6.62.

Over the last year, Pangaea Logistics Solutions Ltd has hit prices as high as $9.53 and as low as $5.28. Year to date, Pangaea Logistics Solutions Ltd’s stock is up 28.74%.

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What Caused Pangaea Logistics Solutions Ltd Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there was 1 analyst who downgraded Pangaea Logistics Solutions Ltd’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Pangaea Logistics Solutions Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Pangaea Logistics Solutions Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Pangaea Logistics Solutions Ltd’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Pangaea Logistics Solutions Ltd (PANL) by visiting AAII Stock Evaluator.

Relative Price Strength of Pangaea Logistics Solutions Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Pangaea Logistics Solutions Ltd has a weighted four-quarter relative price strength of -3.92%, which translates to a Momentum Score of 50 and is considered to be Average.

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Pangaea Logistics Solutions Ltd Stock Price: Bottom Line

As of August 2, 2024, Pangaea Logistics Solutions Ltd’s stock price is $6.63, which is down 5.42% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Pangaea Logistics Solutions Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.