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


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.


Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.