Noble Financial analyst Poe Fratt maintained a Buy rating on Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) yesterday. The company’s shares closed yesterday at $3.32.
Fratt has an average return of 16.0% when recommending Pangaea Logistics Solutions Ltd..
According to TipRanks.com, Fratt is ranked #1014 out of 4800 analysts.
Pangaea Logistics Solutions Ltd. has an analyst consensus of Moderate Buy.
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Based on Pangaea Logistics Solutions Ltd.’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $4.32 million. In comparison, last year the company had a net profit of $1.35 million.
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Pangaea Logistics Solutions Ltd. engages in the provision of seaborne drybulk transportation services. It provides logistics services for dry bulk cargoes including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
