Navios Maritime Acquisition (NNA) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of Navios Maritime Acquisition (NYSE:NNA) from a hold rating to a sell rating in a research report released on Thursday.

Separately, Zacks Investment Research raised Navios Maritime Acquisition from a sell rating to a hold rating in a research report on Friday, December 14th.

Shares of NYSE NNA traded down $0.30 during mid-day trading on Thursday, reaching $5.03. 73,600 shares of the company traded hands, compared to its average volume of 63,588. Navios Maritime Acquisition has a fifty-two week low of $2.90 and a fifty-two week high of $16.80. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $50.75 million, a price-to-earnings ratio of -2.79 and a beta of 1.83.

Navios Maritime Acquisition (NYSE:NNA) last announced its quarterly earnings results on Tuesday, November 6th. The shipping company reported ($2.25) EPS for the quarter, missing the consensus estimate of ($2.10) by ($0.15). Navios Maritime Acquisition had a negative net margin of 45.63% and a negative return on equity of 17.33%. The company had revenue of $32.03 million for the quarter, compared to analyst estimates of $37.81 million. As a group, equities research analysts forecast that Navios Maritime Acquisition will post -7.8 earnings per share for the current year.

An institutional investor recently bought a new position in Navios Maritime Acquisition stock. Paloma Partners Management Co bought a new stake in Navios Maritime Acquisition Co. (NYSE:NNA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 401,899 shares of the shipping company’s stock, valued at approximately $245,000. Paloma Partners Management Co owned about 0.27% of Navios Maritime Acquisition as of its most recent SEC filing.

Navios Maritime Acquisition Company Profile

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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