Media coverage about Navios Maritime Acquisition (NYSE:NNA) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Navios Maritime Acquisition earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 44.2603364576876 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of NNA traded up $0.03 during mid-day trading on Wednesday, hitting $0.80. The company’s stock had a trading volume of 357,051 shares, compared to its average volume of 763,748. The stock has a market capitalization of $117.71, a P/E ratio of -6.67 and a beta of 0.90. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.60 and a quick ratio of 1.60. Navios Maritime Acquisition has a fifty-two week low of $0.67 and a fifty-two week high of $1.74.
Navios Maritime Acquisition (NYSE:NNA) last announced its quarterly earnings data on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $44.20 million during the quarter, compared to analyst estimates of $53.63 million. Navios Maritime Acquisition had a negative return on equity of 3.81% and a negative net margin of 34.67%. equities research analysts forecast that Navios Maritime Acquisition will post -0.19 EPS for the current fiscal year.
Navios Maritime Acquisition declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 7th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the shipping company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several research firms have commented on NNA. Zacks Investment Research raised shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. JPMorgan Chase reissued a “neutral” rating on shares of Navios Maritime Acquisition in a research note on Friday, January 19th. Finally, ValuEngine cut shares of Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $1.63.
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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.
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