MagneGas (MNGA) Earns Daily Media Sentiment Score of 0.22

Headlines about MagneGas (NASDAQ:MNGA) have trended somewhat positive this week, according to AlphaOne. The research group, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MagneGas earned a coverage optimism score of 0.22 on AlphaOne’s scale. AlphaOne also assigned media stories about the company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Alpha One Sentiment’s scoring:

Several brokerages have recently commented on MNGA. Zacks Investment Research upgraded shares of MagneGas from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Rodman & Renshaw restated a “buy” rating and issued a $3.00 target price on shares of MagneGas in a research report on Saturday, January 7th.

MagneGas (NASDAQ:MNGA) traded up 7.69% during trading on Thursday, reaching $0.35. 491,881 shares of the company were exchanged. The firm’s 50-day moving average is $0.45 and its 200 day moving average is $0.53. The company’s market capitalization is $20.86 million. MagneGas has a one year low of $0.27 and a one year high of $1.14.

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MagneGas Company Profile

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.

5 Day Chart for NASDAQ:MNGA

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