Navios Maritime (NYSE:NM) Stock Price Crosses Above 200-Day Moving Average of $2.03

Navios Maritime Holdings Inc. (NYSE:NM – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.03 and traded as high as $2.20. Navios Maritime shares last traded at $1.98, with a volume of 143,392 shares changing hands.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of Navios Maritime from a “c” rating to a “d-” rating in a report on Wednesday, November 23rd.

Navios Maritime Stock Down 8.8 %

The company has a debt-to-equity ratio of 10.30, a quick ratio of 0.39 and a current ratio of 0.42. The stock has a market capitalization of $31.48 million, a P/E ratio of 0.89 and a beta of 1.74. The stock’s fifty day simple moving average is $2.15 and its two-hundred day simple moving average is $2.03.

Institutional Investors Weigh In On Navios Maritime

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its position in shares of Navios Maritime by 36.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 20,437 shares of the shipping company’s stock worth $35,000 after purchasing an additional 5,500 shares during the period. Privium Fund Management UK Ltd acquired a new position in shares of Navios Maritime during the 4th quarter valued at $72,000. Walleye Capital LLC acquired a new position in shares of Navios Maritime during the 1st quarter valued at $65,000. Goldman Sachs Group Inc. acquired a new position in shares of Navios Maritime during the 1st quarter valued at $109,000. Finally, Engineers Gate Manager LP lifted its position in shares of Navios Maritime by 155.5% during the 1st quarter. Engineers Gate Manager LP now owns 112,258 shares of the shipping company’s stock valued at $407,000 after acquiring an additional 68,324 shares during the period. 15.68% of the stock is owned by institutional investors.

About Navios Maritime

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Navios Maritime Holdings, Inc is a seaborne shipping and logistics company, which engages on the transport and transshipment of dry bulk commodities including iron ore, coal, and grain. It operates through the Dry Bulk Vessel Operations and Logistics Business segments. The Dry Bulk Vessel Operations segment transports and handles bulk cargoes through the ownership, operation, and trading of vessels, freight, and forward freight agreements.