Navios Maritime Acquisition (NYSE:NNA) Downgraded by ValuEngine

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Navios Maritime Acquisition (NYSE:NNA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday, ValuEngine reports.

Shares of NYSE:NNA traded down $0.53 during trading on Monday, reaching $8.41. The company had a trading volume of 334,900 shares, compared to its average volume of 82,324. The firm’s fifty day moving average is $7.58 and its 200 day moving average is $6.87. The firm has a market capitalization of $138.64 million, a PE ratio of -1.11 and a beta of 2.36. Navios Maritime Acquisition has a twelve month low of $2.90 and a twelve month high of $11.52. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.00 and a current ratio of 1.00.

Navios Maritime Acquisition (NYSE:NNA) last issued its quarterly earnings results on Wednesday, August 21st. The shipping company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.58). The company had revenue of $54.39 million during the quarter. Navios Maritime Acquisition had a negative return on equity of 14.23% and a negative net margin of 23.53%. Equities analysts predict that Navios Maritime Acquisition will post -0.99 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Navios Maritime Acquisition in the 2nd quarter worth approximately $98,000. JPMorgan Chase & Co. lifted its stake in shares of Navios Maritime Acquisition by 202.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,097 shares of the shipping company’s stock worth $154,000 after acquiring an additional 16,122 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Navios Maritime Acquisition by 123.2% in the 2nd quarter. Renaissance Technologies LLC now owns 84,780 shares of the shipping company’s stock worth $534,000 after acquiring an additional 46,795 shares during the period. 6.23% of the stock is owned by institutional investors.

About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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