Navios Maritime Acquisition (NYSE:NNA) Shares Pass Above 200 Day Moving Average of $3.34

Navios Maritime Acquisition Co. (NYSE:NNA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.34 and traded as high as $3.42. Navios Maritime Acquisition shares last traded at $3.36, with a volume of 134,341 shares trading hands.

The firm has a 50-day moving average of $2.84 and a two-hundred day moving average of $3.34. The firm has a market capitalization of $55.64 million, a P/E ratio of 3.11 and a beta of 1.92. The company has a current ratio of 0.15, a quick ratio of 0.14 and a debt-to-equity ratio of 1.10.

Navios Maritime Acquisition (NYSE:NNA) last announced its quarterly earnings results on Wednesday, August 25th. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.84) by $0.46. Navios Maritime Acquisition had a negative net margin of 3.41% and a negative return on equity of 6.66%.

A number of institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its holdings in Navios Maritime Acquisition by 8.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 217,033 shares of the shipping company’s stock worth $879,000 after purchasing an additional 16,400 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Navios Maritime Acquisition in the 2nd quarter valued at $650,000. Renaissance Technologies LLC grew its holdings in Navios Maritime Acquisition by 54.5% in the second quarter. Renaissance Technologies LLC now owns 81,091 shares of the shipping company’s stock worth $277,000 after purchasing an additional 28,591 shares during the period. Dimensional Fund Advisors LP increased its stake in Navios Maritime Acquisition by 19.1% in the first quarter. Dimensional Fund Advisors LP now owns 57,438 shares of the shipping company’s stock valued at $233,000 after purchasing an additional 9,225 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Navios Maritime Acquisition by 42.7% during the second quarter. GSA Capital Partners LLP now owns 56,213 shares of the shipping company’s stock valued at $192,000 after purchasing an additional 16,826 shares during the period. Hedge funds and other institutional investors own 6.31% of the company’s stock.

Navios Maritime Acquisition Company Profile (NYSE:NNA)

Navios Maritime Acquisition Corp. engages in the marine transportation business. It operates through the following geographical segments: Asia, Europe, and America. The firm owns fleet of crude oil, refined petroleum product, and chemical tankers. The company was founded on March 14, 2008 and is headquartered in George Town, Cayman Island.

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