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

ValuEngine upgraded shares of Navios Maritime (NYSE:NM) from a hold rating to a buy rating in a research report released on Monday, ValuEngine reports.

Navios Maritime stock traded down $0.06 during midday trading on Monday, hitting $5.51. 4,316 shares of the stock were exchanged, compared to its average volume of 127,736. The company has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $4.62. Navios Maritime has a 52 week low of $1.69 and a 52 week high of $8.10. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 4.23.

Navios Maritime (NYSE:NM) last released 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 for the quarter.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its holdings in Navios Maritime by 43.5% during the 2nd quarter. Advisor Group Inc. now owns 134,475 shares of the shipping company’s stock worth $602,000 after buying an additional 40,775 shares during the period. Nut Tree Capital Management LP raised its holdings in Navios Maritime by 28.0% during the 2nd quarter. Nut Tree Capital Management LP now owns 379,616 shares of the shipping company’s stock worth $1,701,000 after buying an additional 83,029 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Navios Maritime by 49.3% during the 2nd quarter. Renaissance Technologies LLC now owns 589,944 shares of the shipping company’s stock worth $2,643,000 after buying an additional 194,751 shares during the period. 13.63% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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