Navios Maritime (NM) Stock Price Down 0%

Navios Maritime Holdings Inc. (NYSE:NM)’s share price was down 0% on Tuesday . The company traded as low as $0.47 and last traded at $0.49. Approximately 944 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 627,237 shares. The stock had previously closed at $0.49.

A number of equities analysts recently weighed in on NM shares. ValuEngine lowered shares of Navios Maritime from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Zacks Investment Research raised shares of Navios Maritime from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $1.75.

The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.90 and a current ratio of 1.02. The company has a market capitalization of $83.01 million, a P/E ratio of -0.53 and a beta of 2.86.

Navios Maritime (NYSE:NM) last posted its quarterly earnings data on Thursday, August 23rd. The shipping company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.08. Navios Maritime had a negative net margin of 30.75% and a negative return on equity of 15.68%. The company had revenue of $132.05 million during the quarter, compared to the consensus estimate of $133.96 million. On average, equities research analysts forecast that Navios Maritime Holdings Inc. will post -0.86 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. PenderFund Capital Management Ltd. acquired a new position in shares of Navios Maritime during the 3rd quarter worth about $3,900,000. Millennium Management LLC acquired a new position in shares of Navios Maritime during the 2nd quarter worth about $670,000. Paloma Partners Management Co acquired a new position in shares of Navios Maritime during the 2nd quarter worth about $380,000. LMR Partners LLP acquired a new position in shares of Navios Maritime during the 2nd quarter worth about $272,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Navios Maritime during the 1st quarter worth about $279,000. Institutional investors own 11.59% of the company’s stock.

About Navios Maritime (NYSE:NM)

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. It operates through two segments, Dry Bulk Vessel Operations and Logistics Business.

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