Navios Maritime (NM) Trading Up 8%

Navios Maritime Holdings Inc. (NYSE:NM)’s share price was up 8% on Wednesday . The stock traded as high as $0.54 and last traded at $0.54. Approximately 615,855 shares were traded during trading, a decline of 2% from the average daily volume of 625,469 shares. The stock had previously closed at $0.50.

Separately, ValuEngine raised Navios Maritime from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.75.

The company has a debt-to-equity ratio of 3.11, a current ratio of 1.02 and a quick ratio of 0.90. The stock has a market cap of $62.67 million, a price-to-earnings ratio of -0.53 and a beta of 2.86.

Navios Maritime (NYSE:NM) last issued its earnings results on Thursday, August 23rd. The shipping company reported ($0.18) earnings per share (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 firm had revenue of $132.05 million for the quarter, compared to analysts’ expectations of $133.96 million. As a group, equities analysts anticipate that Navios Maritime Holdings Inc. will post -0.86 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LMR Partners LLP acquired a new stake in shares of Navios Maritime in the second quarter valued at approximately $272,000. GSA Capital Partners LLP acquired a new stake in shares of Navios Maritime in the first quarter valued at approximately $279,000. Paloma Partners Management Co acquired a new stake in shares of Navios Maritime in the second quarter valued at approximately $380,000. Millennium Management LLC acquired a new stake in shares of Navios Maritime in the second quarter valued at approximately $670,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Navios Maritime in the third quarter valued at approximately $3,900,000. 11.59% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Article: 52-Week High/Low Prices For Stock Selection

Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply