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TheStreet Wire

Navios Maritime Stock Gaps Up On Today's Open (NM)

By TheStreet Wire 12/02/11 - 08:55 AM EST

Find out if (NM) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Navios Maritime Holdings Inc (NYSE:NM) were gapping up Friday morning with an open price 12.9% higher than Thursday's closing price. The stock closed at $3.40 Thursday and opened today's trading at $3.84.

The average volume for Navios Maritime has been 530,200 shares per day over the past 30 days. Navios Maritime has a market cap of $353.9 million and is part of the services sector and transportation industry. Shares are down 35.6% year to date as of the close of trading on Thursday.

Navios Maritime Holdings Inc. operates as a seaborne shipping and logistics company in Greece. It focuses on the transportation and transshipment of dry bulk commodities, including iron ore, coal, fertilizers, and grains. The company has a P/E ratio of five, below the average transportation industry P/E ratio of 5.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Navios Maritime as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Navios Maritime Ratings Report.

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