Navios Maritime Acquisition Downgraded by Zacks to “Underperform” (NNA)
Navios Maritime Acquisition (NYSE:NNA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $3.80 price target on the stock. Zacks‘ price target indicates a potential downside of 4.52% from the company’s current price.
Shares of Navios Maritime Acquisition (NYSE:NNA) traded down 0.25% during mid-day trading on Tuesday, hitting $3.98. The stock had a trading volume of 113,681 shares. Navios Maritime Acquisition has a one year low of $2.05 and a one year high of $4.37. The stock has a 50-day moving average of $3.82 and a 200-day moving average of $3.54. The company’s market cap is $432.4 million.
Navios Maritime Acquisition (NYSE:NNA) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.00 EPS for the quarter. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $46.71 million. Analysts expect that Navios Maritime Acquisition will post $0.05 EPS for the current fiscal year.
To view Zacks’ full report, visit www.zacks.com
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