Navios Maritime Acquisition Co. (NYSE:NNA) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 22,000 shares, a decrease of 45.8% from the May 30th total of 40,600 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 39,700 shares, the short-interest ratio is presently 0.6 days.
NYSE:NNA traded up $0.01 on Friday, hitting $6.39. The stock had a trading volume of 36,301 shares, compared to its average volume of 30,112. The company’s fifty day moving average price is $6.47. The company has a market cap of $84.73 million, a P/E ratio of -0.84 and a beta of 2.45. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.83 and a current ratio of 1.83. Navios Maritime Acquisition has a 52 week low of $2.90 and a 52 week high of $9.39.
Navios Maritime Acquisition (NYSE:NNA) last announced its quarterly earnings results on Monday, May 13th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.67. The business had revenue of $72.35 million for the quarter, compared to analyst estimates of $61.81 million. Navios Maritime Acquisition had a negative return on equity of 15.15% and a negative net margin of 27.89%. As a group, analysts anticipate that Navios Maritime Acquisition will post -0.99 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Wednesday, May 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $1.20 annualized dividend and a yield of 18.78%. Navios Maritime Acquisition’s payout ratio is currently -15.83%.
Several research analysts have issued reports on the company. Citigroup cut their price target on GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 1st. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research lowered Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th.
Navios Maritime Acquisition Company Profile
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.
Receive News & Ratings for Navios Maritime Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.