Navios Maritime (NM) Trading Up 27.4%

Navios Maritime Holdings Inc. (NYSE:NM) shares were up 27.4% on Wednesday . The stock traded as high as $4.24 and last traded at $4.09. Approximately 552,698 shares were traded during mid-day trading, an increase of 140% from the average daily volume of 229,880 shares. The stock had previously closed at $3.21.

Several research analysts recently weighed in on NM shares. ValuEngine downgraded shares of Navios Maritime from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Zacks Investment Research raised shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Thursday, January 24th.

The firm has a market capitalization of $41.10 million, a price-to-earnings ratio of -0.60 and a beta of 2.45. The company has a current ratio of 0.93, a quick ratio of 0.85 and a debt-to-equity ratio of 3.35.

Navios Maritime (NYSE:NM) last issued its earnings results on Wednesday, February 20th. The shipping company reported ($1.79) earnings per share for the quarter, hitting the consensus estimate of ($1.79). The company had revenue of $127.35 million during the quarter, compared to the consensus estimate of $135.63 million. Navios Maritime had a negative net margin of 53.38% and a negative return on equity of 12.83%. On average, equities analysts predict that Navios Maritime Holdings Inc. will post -11.14 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Group LLC bought a new position in shares of Navios Maritime during the 1st quarter valued at about $110,000. Nut Tree Capital Management LP bought a new position in shares of Navios Maritime during the 1st quarter valued at about $706,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Navios Maritime by 16.4% during the 3rd quarter. Renaissance Technologies LLC now owns 2,224,019 shares of the shipping company’s stock valued at $1,576,000 after purchasing an additional 313,100 shares during the last quarter. 63.61% of the stock is owned by institutional investors and hedge funds.

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Navios Maritime Company Profile (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 three segments: Dry Bulk Vessel Operations, Logistics Business, and Containers Business.

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