Navigator (NYSE:NVGS) issued its quarterly earnings results on Wednesday. The shipping company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01), Fidelity Earnings reports. Navigator had a negative net margin of 0.20% and a positive return on equity of 0.74%.
Shares of Navigator stock opened at $10.86 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.19 and a current ratio of 1.27. The firm has a market capitalization of $607.01 million, a price-to-earnings ratio of -543.00 and a beta of 2.48. The company has a fifty day moving average price of $10.43. Navigator has a fifty-two week low of $6.05 and a fifty-two week high of $12.46.
Separately, Zacks Investment Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 24th.
Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2019, it operated a fleet of 38 semi- or fully-refrigerated liquefied gas carriers.
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