Navios Maritime Holdings (NYSE:NM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.67 by 3 Brokerage Firm. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Citigroup downgrades its rating on Navios Maritime Holdings (NYSE:NM). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup raises the price target from $0.85 per share to $1 per share. The rating by the firm was issued on April 27, 2016.
Navios Maritime Holdings (NYSE:NM) witnessed a decline in the market cap on Tuesday as its shares dropped 6.74% or 0.0667 points. After the session commenced at $0.97, the stock reached the higher end at $1.02 while it hit a low of $0.91. With the volume soaring to 1,389,788 shares, the last trade was called at $0.9233. The company has a 52-week high of $4.51. The company has a market cap of $101 million and there are 109,518,219 shares in outstanding. The 52-week low of the share price is $0.57.
Navios Maritime Holdings Inc. has dropped 3.82% in the last five trading days, however, the shares have posted positive gains of 28.24% in the last 4 weeks. Navios Maritime Holdings Inc. has dropped 34.98% during the last 3-month period . Year-to-Date the stock performance stands at -47.24%.
Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. Navios Holdings operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership, operation and trading of vessels, freight and forward freight agreements (FFAs). The Logistics Business segment consists of the Companys port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Partners, Navios Acquisition, Navios Midstream and Navios Europe. The Companys fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.