Navios Maritime Acquisition (NYSE:NNA) released its quarterly earnings results on Thursday. The shipping company reported ($3.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($3.15), Fidelity Earnings reports. Navios Maritime Acquisition had a negative return on equity of 14.23% and a negative net margin of 23.53%. The business had revenue of $53.59 million during the quarter.
Shares of NYSE:NNA traded down $0.11 on Friday, hitting $6.82. The company’s stock had a trading volume of 260,425 shares, compared to its average volume of 92,659. Navios Maritime Acquisition has a 12 month low of $2.90 and a 12 month high of $11.52. The company has a market capitalization of $87.52 million, a price-to-earnings ratio of -0.90 and a beta of 2.35. The stock’s 50-day moving average is $7.93 and its two-hundred day moving average is $6.93. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.00 and a current ratio of 1.00.
Separately, ValuEngine raised Navios Maritime Acquisition from a “buy” rating to a “strong-buy” rating in a research note on Thursday.
About Navios Maritime Acquisition
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.
Further Reading: What does an outperform rating mean?
Receive News & Ratings for Navios Maritime Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.