Navios Maritime Partners (NYSE:NMM – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Navios Maritime Partners Trading Up 1.8 %
Navios Maritime Partners stock opened at $40.05 on Thursday. The stock has a market capitalization of $1.20 billion, a PE ratio of 3.34 and a beta of 1.87. Navios Maritime Partners has a 12-month low of $37.75 and a 12-month high of $65.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $49.36.
Navios Maritime Partners (NYSE:NMM – Get Free Report) last released its earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by ($1.93). Navios Maritime Partners had a return on equity of 11.64% and a net margin of 27.53%. The company had revenue of $302.99 million during the quarter, compared to analysts’ expectations of $340.83 million. As a group, equities research analysts expect that Navios Maritime Partners will post 12.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
About Navios Maritime Partners
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.
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