Media stories about Navios Maritime Acquisition (NYSE:NNA) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Navios Maritime Acquisition earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 44.3393104945365 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NNA stock traded down $0.01 on Monday, reaching $0.82. The company had a trading volume of 123,889 shares, compared to its average volume of 744,199. Navios Maritime Acquisition has a 1 year low of $0.67 and a 1 year high of $1.74. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $125.53, a P/E ratio of -6.83 and a beta of 0.89.
Navios Maritime Acquisition (NYSE:NNA) last posted its earnings results on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Navios Maritime Acquisition had a negative net margin of 34.67% and a negative return on equity of 3.81%. The company had revenue of $44.20 million during the quarter, compared to analysts’ expectations of $53.63 million. research analysts predict that Navios Maritime Acquisition will post -0.19 earnings per share for the current year.
Navios Maritime Acquisition declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 7th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the shipping company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Several brokerages have recently commented on NNA. JPMorgan Chase lowered Navios Maritime Acquisition from a “neutral” rating to an “underweight” rating in a research note on Friday. Zacks Investment Research raised Navios Maritime Acquisition from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, ValuEngine lowered Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.63.
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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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