Navios Maritime (NYSE:NM) Stock Crosses Above 200 Day Moving Average of $4.05

Navios Maritime Holdings Inc. (NYSE:NM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.05 and traded as high as $4.87. Navios Maritime shares last traded at $4.73, with a volume of 422 shares trading hands.

Several analysts have recently issued reports on the stock. ValuEngine raised shares of Navios Maritime from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Navios Maritime from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 1st.

The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.65 and a current ratio of 0.72. The firm has a market cap of $56.56 million, a price-to-earnings ratio of -0.70 and a beta of 2.88. The company’s fifty day moving average is $5.40 and its two-hundred day moving average is $4.05.

Navios Maritime (NYSE:NM) last posted its earnings results on Thursday, September 5th. The shipping company reported ($0.54) earnings per share for the quarter. The business had revenue of $147.19 million for the quarter. Navios Maritime had a negative net margin of 41.09% and a negative return on equity of 8.85%.

Several large investors have recently bought and sold shares of NM. Advisor Group Inc. lifted its holdings in Navios Maritime by 43.5% in 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 in the last quarter. Nut Tree Capital Management LP lifted its holdings in Navios Maritime by 28.0% in 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Navios Maritime by 49.3% in 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 in the last quarter. Institutional investors and hedge funds own 13.69% of the company’s stock.

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 three segments: Dry Bulk Vessel Operations, Logistics Business, and Containers Business.

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