Navios Maritime (NYSE:NM) announced its earnings results on Thursday. The shipping company reported ($0.54) earnings per share (EPS) for the quarter, Morningstar.com reports. Navios Maritime had a negative return on equity of 11.37% and a negative net margin of 44.04%. The business had revenue of $147.19 million for the quarter.
NYSE:NM traded down $0.29 during mid-day trading on Friday, reaching $4.76. The stock had a trading volume of 100 shares, compared to its average volume of 136,034. The company has a market capitalization of $54.47 million, a price-to-earnings ratio of -0.70 and a beta of 2.88. Navios Maritime has a 1-year low of $1.69 and a 1-year high of $8.60. The stock’s 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $3.97. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.72 and a quick ratio of 0.65.
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in Navios Maritime by 49.3% in the second quarter. Renaissance Technologies LLC now owns 589,944 shares of the shipping company’s stock valued at $2,643,000 after acquiring an additional 194,751 shares during the period. Nut Tree Capital Management LP boosted its stake in Navios Maritime by 28.0% in the second quarter. Nut Tree Capital Management LP now owns 379,616 shares of the shipping company’s stock valued at $1,701,000 after acquiring an additional 83,029 shares during the period. Finally, Advisor Group Inc. boosted its stake in Navios Maritime by 43.5% in the second quarter. Advisor Group Inc. now owns 134,475 shares of the shipping company’s stock valued at $602,000 after acquiring an additional 40,775 shares during the period. Institutional investors and hedge funds own 12.86% of the company’s stock.
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.
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