Navios Maritime (NM) Reaches New 52-Week Low at $1.69

Shares of Navios Maritime Holdings Inc. (NYSE:NM) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.69 and last traded at $1.70, with a volume of 255 shares changing hands. The stock had previously closed at $1.75.

Separately, Zacks Investment Research upgraded Navios Maritime from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Thursday, January 24th.

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The stock has a market cap of $20.50 million, a price-to-earnings ratio of -0.28 and a beta of 1.96. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.97.

Navios Maritime (NYSE:NM) last released its earnings results on Wednesday, February 20th. The shipping company reported ($1.79) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.79). The firm had revenue of $127.35 million during the quarter, compared to the consensus estimate of $135.63 million. Navios Maritime had a negative return on equity of 12.59% and a negative net margin of 53.38%. As a group, equities analysts expect that Navios Maritime Holdings Inc. will post -11.14 EPS for the current year.

An institutional investor recently bought a new position in Navios Maritime stock. Millennium Management LLC purchased a new position in shares of Navios Maritime Holdings Inc. (NYSE:NM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 786,074 shares of the shipping company’s stock, valued at approximately $670,000. Millennium Management LLC owned approximately 0.67% of Navios Maritime as of its most recent filing with the SEC. Institutional investors own 89.61% of the company’s stock.

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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 two segments, Dry Bulk Vessel Operations and Logistics Business.

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