Shares of Navios Maritime Holdings Inc (NYSE:NM) hit a new 52-week high and low during trading on Monday . The company traded as low as $0.85 and last traded at $0.85, with a volume of 347142 shares. The stock had previously closed at $0.90.
A number of brokerages have issued reports on NM. Zacks Investment Research downgraded Navios Maritime from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Jefferies Group began coverage on Navios Maritime in a research report on Monday, December 18th. They set a “buy” rating and a $2.00 price target on the stock. Clarkson Capital upgraded Navios Maritime from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase downgraded Navios Maritime from a “neutral” rating to an “underweight” rating in a research report on Friday, March 23rd. Four analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $1.58.
The stock has a market capitalization of $105.17, a PE ratio of -0.81 and a beta of 2.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91.
Navios Maritime (NYSE:NM) last issued its quarterly earnings results on Wednesday, February 21st. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $128.53 million for the quarter, compared to the consensus estimate of $134.69 million. Navios Maritime had a negative return on equity of 15.58% and a negative net margin of 37.28%. analysts expect that Navios Maritime Holdings Inc will post -0.53 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp purchased a new position in shares of Navios Maritime in the second quarter valued at approximately $1,065,000. Vanguard Group Inc. purchased a new position in shares of Navios Maritime in the second quarter valued at approximately $248,000. State Street Corp lifted its position in shares of Navios Maritime by 2,467.0% in the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock valued at $1,388,000 after acquiring an additional 973,416 shares in the last quarter. California State Teachers Retirement System purchased a new position in shares of Navios Maritime in the second quarter valued at approximately $218,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Navios Maritime in the third quarter valued at approximately $344,000. Institutional investors own 23.63% of the company’s stock.
About Navios Maritime
Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.
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