Should you deescalate MagneGas Corp. (NASDAQ:MNGA)’s exposure?

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MagneGas Corporation (NASDAQ:MNGA) Return on Assets were -128.80%. At the end of the day, the stock posted a Market Cap of $8.62M in the Major Integrated Oil & Gas Industry.

The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.

Recently, MagneGas Corporation (NASDAQ:MNGA) posted a total traded volume of 418,445, and the stock recorded a change of -22.34% in the previous trading session. The firm posted a 52-Week High of $-84.89% and a52-Week Low of $11.93%. The monthly Volatility of MagneGas Corporation stood at 16.07%.

MagneGas Corporation announced EPS of $-3.29. This exhibits a growth of -42.30% in EPS this year against to what was recorded last financial year and exhibits an overall growth of -9.50% over the past five year.

MagneGas Corporation’s ownership was divided with insider ownership amounting to 6.10% while institutionaloOwnership came at 3.30%. Total insider transactions were -1.81% and total Institutional transactions were 13.29%.

Return on Assets reported was -128.80%. Return on Equity for the fiscal year was -315.60% while Return on Investments was -275.70%. The firm ended the year with a Total Debt/Equity of 0.23 out of which Long Term Debt/Equity was 0.23. Current and quick ratio was 0.30 and 0.10 respectively.

The firm posted a gross margin of 42.60%. The company has 6.20M stock outstanding at a price of $1.39 per share.

EPS growth recorded this year was -42.30%. For the past 5 years, the company has recorded EPS growth of -9.50%.

MagneGas received a letter from The NASDAQ Stock Market LLC stating that because MagneGas’s shares had a closing bid price at or above $1.00 per share for a minimum of ten (10) consecutive business days, MagneGas’s stock had regained compliance with the Bid Price Rule and the matter is now closed.

 

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