Navios Maritime Holdings Inc Down 0.60% To $1.66 After Earnings

Navios Maritime Holdings Inc (NM) said before open Thursday that it broke even in quarter two 2023.

In the same quarter a year ago, the company earned $1.37 per share on revenue of $159.2 million.

The stock is down 0.60% to $1.66 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Trading in the five days leading up to the report earned Navios Maritime Holdings Inc a Bearish Sentiment Rank from InvestorsObserver.

Navios Maritime Holdings Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Navios Maritime Holdings Inc in the bottom 25% of stocks. The firm set a 52-week high on March 1, 2023 at $2.97 and set a 52-week low on December 22, 2022 at $1.53.

Navios Maritime Holdings Inc is a shipping company which provides transportation, trading, storage, and logistics services for bulk cargoes. It operates a diverse portfolio of Capesize, Panamax, ultra-handymax and handy size bulk carriers. The company has two reportable segments namely the Dry Bulk Vessel Operations segment, the Logistics Business segment. Geographically, the company generates a majority of its revenue from South America.