Navios Maritime (NM) Hits New 1-Year Low at $0.44

Navios Maritime Holdings Inc. (NYSE:NM) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $0.44 and last traded at $0.45, with a volume of 3944 shares changing hands. The stock had previously closed at $0.49.

Separately, ValuEngine raised shares of Navios Maritime from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $1.75.

The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 3.11. The firm has a market cap of $56.35 million, a PE ratio of -0.45 and a beta of 2.89.

Navios Maritime (NYSE:NM) last issued its earnings results on Thursday, August 23rd. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.08. Navios Maritime had a negative net margin of 30.75% and a negative return on equity of 15.68%. The company had revenue of $132.05 million during the quarter, compared to analysts’ expectations of $133.96 million. On average, analysts predict that Navios Maritime Holdings Inc. will post -0.78 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. PenderFund Capital Management Ltd. purchased a new position in shares of Navios Maritime during the 3rd quarter worth approximately $3,900,000. Renaissance Technologies LLC increased its stake in shares of Navios Maritime by 16.4% during the 3rd quarter. Renaissance Technologies LLC now owns 2,224,019 shares of the shipping company’s stock worth $1,576,000 after purchasing an additional 313,100 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Navios Maritime during the 2nd quarter worth approximately $670,000. Paloma Partners Management Co purchased a new position in shares of Navios Maritime during the 2nd quarter worth approximately $380,000. Finally, LMR Partners LLP purchased a new position in shares of Navios Maritime during the 2nd quarter worth approximately $272,000. 16.36% of the stock is owned by institutional investors.

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About Navios Maritime (NYSE:NM)

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 two segments, Dry Bulk Vessel Operations and Logistics Business.

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