Navios Maritime (NM) Reaches New 12-Month Low at $0.46

Navios Maritime Holdings Inc. (NYSE:NM)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $0.46 and last traded at $0.48, with a volume of 7822 shares changing hands. The stock had previously closed at $0.50.

Separately, ValuEngine cut Navios Maritime from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1.75.

The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.90 and a current ratio of 1.02.



Navios Maritime (NYSE:NM) last issued its earnings results on Thursday, August 23rd. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.08. The business had revenue of $132.05 million for the quarter, compared to analysts’ expectations of $133.96 million. Navios Maritime had a negative return on equity of 15.68% and a negative net margin of 30.75%. As a group, equities research analysts predict that Navios Maritime Holdings Inc. will post -0.78 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. LMR Partners LLP acquired a new position in shares of Navios Maritime in the 2nd quarter worth $272,000. Paloma Partners Management Co acquired a new stake in shares of Navios Maritime in the second quarter worth $380,000. Millennium Management LLC acquired a new stake in shares of Navios Maritime in the second quarter worth $670,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Navios Maritime in the third quarter worth $3,900,000. Institutional investors and hedge funds own 11.53% of the company’s stock.

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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