Navios Maritime (NYSE:NM) Upgraded to Buy at ValuEngine

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

Navios Maritime stock opened at $4.19 on Thursday. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.67 and a quick ratio of 0.64. Navios Maritime has a 1-year low of $1.69 and a 1-year high of $8.10. The company’s 50-day moving average is $5.17 and its 200 day moving average is $4.36.

Navios Maritime (NYSE:NM) last posted its quarterly earnings data on Thursday, September 5th. The shipping company reported ($0.54) earnings per share for the quarter. Navios Maritime had a negative return on equity of 9.13% and a negative net margin of 41.09%. The firm had revenue of $147.19 million during the quarter.

A number of institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in shares of Navios Maritime by 43.5% during the second quarter. Advisor Group Inc. now owns 134,475 shares of the shipping company’s stock worth $602,000 after acquiring an additional 40,775 shares during the period. Nut Tree Capital Management LP increased its position in shares of Navios Maritime by 28.0% during the second quarter. Nut Tree Capital Management LP now owns 379,616 shares of the shipping company’s stock worth $1,701,000 after acquiring an additional 83,029 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Navios Maritime by 49.3% during the second quarter. Renaissance Technologies LLC now owns 589,944 shares of the shipping company’s stock worth $2,643,000 after acquiring an additional 194,751 shares during the period. 13.69% of the stock is currently owned by institutional investors.

About Navios Maritime

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.

Featured Article: Gross Domestic Product (GDP)

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

Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.