Navios Maritime Stock Gaps Up On Today's Open (NM)
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 yesterday and opened today's trading at $3.84.
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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.