Navios Maritime Holdings (NM) is Downgraded by Citigroup to Sell

Navios Maritime Holdings (NM) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Apr 27, 2016.

On the company’s financial health, Navios Maritime Holdings reported $-0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $-0.29. The company had revenue of $111.70 million for the quarter, compared to analysts expectations of $112.08 million. The company’s revenue was down -24.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.

Navios Maritime Holdings opened for trading at $1.52 and hit $1.61 on the upside on Friday, eventually ending the session at $1.59, with a gain of 2.58% or 0.04 points. The heightened volatility saw the trading volume jump to 4,88,178 shares. Company has a market cap of $172 M.

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 Company’s 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 Company’s fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.

Navios Maritime Holdings

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Navios Maritime Holdings - Is it time to Sell?

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