Navios Maritime (NYSE:NM) Stock Rating Upgraded by ValuEngine

Navios Maritime (NYSE:NM) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Navios Maritime from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 1st.

Shares of NYSE NM traded down $0.66 during midday trading on Thursday, hitting $4.43. The company’s stock had a trading volume of 222,307 shares, compared to its average volume of 147,699. The company’s fifty day moving average price is $4.98. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.72 and a quick ratio of 0.65. Navios Maritime has a 1 year low of $1.69 and a 1 year high of $8.95. The stock has a market capitalization of $66.41 million, a price-to-earnings ratio of -0.65 and a beta of 2.99.

Navios Maritime (NYSE:NM) last posted its quarterly earnings data on Tuesday, May 28th. The shipping company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.76) by $2.57. Navios Maritime had a negative net margin of 44.04% and a negative return on equity of 11.37%. The business had revenue of $140.28 million during the quarter, compared to analyst estimates of $150.57 million.

A hedge fund recently raised its stake in Navios Maritime stock. Advisor Group Inc. raised its stake in shares of Navios Maritime Holdings Inc. (NYSE:NM) by 43.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,475 shares of the shipping company’s stock after purchasing an additional 40,775 shares during the quarter. Advisor Group Inc. owned about 1.15% of Navios Maritime worth $602,000 at the end of the most recent reporting period. 10.95% of the stock is currently owned by hedge funds and other institutional investors.

Navios Maritime Company Profile

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.

Read More: Outstanding Shares and The Effect on Share Price

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

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