Navios Maritime (NYSE:NM) Stock Crosses Above 200-Day Moving Average of $5.26

Navios Maritime Holdings Inc. (NYSE:NM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.26 and traded as high as $10.35. Navios Maritime shares last traded at $9.93, with a volume of 361,197 shares changing hands.

The company has a 50 day simple moving average of $9.14 and a 200 day simple moving average of $5.30. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 23.93. The stock has a market capitalization of $130.37 million, a PE ratio of -0.58 and a beta of 2.53.

Navios Maritime (NYSE:NM) last issued its earnings results on Tuesday, April 20th. The shipping company reported ($1.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($2.36). Navios Maritime had a negative return on equity of 27.57% and a negative net margin of 48.99%.

Several hedge funds have recently modified their holdings of the company. Globeflex Capital L P purchased a new position in shares of Navios Maritime during the 4th quarter worth approximately $98,000. Renaissance Technologies LLC increased its stake in Navios Maritime by 12.3% in the 4th quarter. Renaissance Technologies LLC now owns 910,870 shares of the shipping company’s stock valued at $2,049,000 after purchasing an additional 99,426 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Navios Maritime in the 4th quarter valued at approximately $35,000. 8.43% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Company Profile (NYSE:NM)

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, 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 through two segments, Dry Bulk Vessel Operations and Logistics Business.

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