Revenue Update on Navios Maritime Holdings(NYSE:NM)

Navios Maritime Holdings(NYSE:NM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.28.

Navios Maritime Holdings (NM) shares turned negative on Wednesdays trading session with the shares closing down -0.17 points or -8.33% at a volume of 39,62,474. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.26. The peak price level was also seen at $2.26 while the days lowest was $1.74. Finally the shares closed at $1.87. The 52-week high of the shares is $2.4 while the 52-week low is $0.57. According to the latest information available, the market cap of the company is $219 M.

Navios Maritime Holdings Inc. (Navios Holdings) is a global vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities including iron ore coal and grain. Navios Holdings operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership operation and trading of vessels freight and forward freight agreements (FFAs). The Logistics Business segment consists of the Company’s port terminal business barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Partners Navios Acquisition Navios Midstream and Navios Europe. The Company’s fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.

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