Navios Maritime Partners (NYSE:NMM – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.
Navios Maritime Partners Stock Performance
Shares of NMM stock opened at $44.03 on Thursday. The firm has a 50 day moving average of $43.72 and a 200-day moving average of $50.07. Navios Maritime Partners has a 52 week low of $30.66 and a 52 week high of $65.89. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 3.34 and a beta of 1.93.
Navios Maritime Partners (NYSE:NMM – Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The shipping company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by ($1.93). Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. On average, equities analysts forecast that Navios Maritime Partners will post 11.6 earnings per share for the current year.
Hedge Funds Weigh In On Navios Maritime Partners
Navios Maritime Partners Company Profile
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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