Navios Maritime Acquisition (NYSE:NNA) announced its earnings results on Wednesday. The shipping company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.58), Morningstar.com reports. Navios Maritime Acquisition had a negative return on equity of 14.03% and a negative net margin of 23.53%. The business had revenue of $54.39 million for the quarter.
NYSE NNA opened at $5.72 on Friday. Navios Maritime Acquisition has a 52 week low of $2.90 and a 52 week high of $9.30. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 3.11. The business’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $6.62.
NNA has been the topic of several analyst reports. ValuEngine upgraded Navios Maritime Acquisition from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Zacks Investment Research lowered Navios Maritime Acquisition from a “strong-buy” rating to a “hold” rating in a report on Friday, May 24th.
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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