Navios Maritime Acquisition (NNA) Shares Set to Reverse Split on Wednesday, November 14th
Navios Maritime Acquisition Co. (NYSE:NNA) shares are scheduled to reverse split on the morning of Wednesday, November 14th. The 1-15 reverse split was announced on Friday, November 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 13th.
Shares of NNA stock opened at $0.47 on Friday. Navios Maritime Acquisition has a fifty-two week low of $0.35 and a fifty-two week high of $1.37. The stock has a market cap of $76.42 million, a PE ratio of -3.88 and a beta of 1.15. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.05 and a current ratio of 1.05.
Navios Maritime Acquisition (NYSE:NNA) last issued its quarterly earnings results on Tuesday, November 6th. The shipping company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). Navios Maritime Acquisition had a negative return on equity of 17.33% and a negative net margin of 45.63%. The business had revenue of $32.03 million for the quarter, compared to analysts’ expectations of $37.81 million. Sell-side analysts predict that Navios Maritime Acquisition will post -0.52 EPS for the current year.
NNA has been the topic of a number of research analyst reports. ValuEngine upgraded Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LMR Partners LLP purchased a new stake in Navios Maritime Acquisition in the second quarter valued at approximately $141,000. Paloma Partners Management Co purchased a new stake in Navios Maritime Acquisition in the second quarter valued at approximately $245,000. Finally, Millennium Management LLC purchased a new stake in Navios Maritime Acquisition in the second quarter valued at approximately $853,000. Hedge funds and other institutional investors own 14.24% of the company’s stock.
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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