NMM Falls to Levels Below Book Value

In trading on Monday, shares of Navios Maritime Partners LP (NMM) crossed below their last reported book value — defined as common shareholder equity per share — of $9.75, changing hands as low as $9.66 per share. Navios Maritime Partners LP shares are currently trading off about 9.4% on the day. The chart below shows the one year performance of NMM shares, versus its 50 and 200 day moving averages:

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Navios Maritime Partners LP Moving Averages Chart

Looking at the chart above, NMM's low point in its 52 week range is $9.66 per share, with $20.50 as the 52 week high point — that compares with a last trade of $9.68.

According to the ETF Finder at ETF Channel, NMM makes up 2.49% of the Guggenheim Shipping ETF ( SEA) which is trading lower by about 0.2% on the day Monday.

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