Zacks Investment Research upgraded MagneGas Corporation (NASDAQ:MNGA) to Hold in a statement released earlier today.
- Updated: November 30, 2016
Boasting a price of $0.43, MagneGas Corporation (NASDAQ:MNGA) traded 11.77% higher on the day. With the last stock price close down -29.34% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $0.64 and a 200-day moving average of $0.67. 0 shares of the stock were exchanged, down from an average trading volume of 612,902
Zacks Investment Research has upgraded MagneGas Corporation (NASDAQ:MNGA) to Hold in a statement released on 12/01/2016.
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MagneGas Corporation has a 52 week low of $0.44 and a 52 week high of $2.50 MagneGas Corporation’s market capitalization is presently $0.
A total of 1 analyst has released a research note on MNGA. 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, zero equity analysts rating the company a hold, zero equity analysts rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $4.00.
General Information About MagneGas Corporation (NASDAQ:MNGA)
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.
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