Press coverage about MagneGas (NASDAQ:MNGA) has been trending somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MagneGas earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.1301415580789 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, HC Wainwright set a $6.00 price objective on shares of MagneGas and gave the stock a “buy” rating in a report on Thursday, March 1st.
Shares of MagneGas traded down $0.01, hitting $0.40, during midday trading on Thursday, according to MarketBeat. 562,561 shares of the stock traded hands, compared to its average volume of 963,358. MagneGas has a 1-year low of $0.38 and a 1-year high of $22.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.64 and a quick ratio of 1.07.
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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