Navios Maritime (NYSE:NM) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Navios Maritime (NYSE:NM) in a research report report published on Monday. The firm issued a buy rating on the shipping company’s stock.

Navios Maritime Trading Up 4.7 %

NYSE NM opened at $2.02 on Monday. Navios Maritime has a fifty-two week low of $1.47 and a fifty-two week high of $2.97. The stock has a market cap of $46.12 million, a P/E ratio of 1.22 and a beta of 1.67. The stock has a 50 day simple moving average of $1.73 and a two-hundred day simple moving average of $1.79. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.11 and a current ratio of 1.20.

Navios Maritime (NYSE:NM) last posted its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.33 earnings per share for the quarter. The company had revenue of $81.90 million during the quarter. Navios Maritime had a return on equity of 63.17% and a net margin of 26.10%.

Institutional Investors Weigh In On Navios Maritime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in shares of Navios Maritime by 83.4% in the 1st quarter. Renaissance Technologies LLC now owns 908,070 shares of the shipping company’s stock worth $3,296,000 after purchasing an additional 412,836 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Navios Maritime in the first quarter valued at approximately $328,000. Engineers Gate Manager LP increased its position in shares of Navios Maritime by 155.5% during the first quarter. Engineers Gate Manager LP now owns 112,258 shares of the shipping company’s stock worth $407,000 after purchasing an additional 68,324 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Navios Maritime during the first quarter worth approximately $202,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Navios Maritime during the first quarter worth approximately $109,000. 9.16% of the stock is currently owned by hedge funds and other institutional investors.

About Navios Maritime

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Australia, Europe, Asia, South America, and internationally. It focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. The company operates in two segments, Dry Bulk Vessel Operations and Logistics Business.