Navios Maritime Acquisition (NYSE:NNA) announced that its Board of Directors has authorized a share buyback program, which allows the company to repurchase $25.00 million in shares on Wednesday, February 7th, EventVestor reports. This repurchase authorization allows the shipping company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Shares of Navios Maritime Acquisition (NNA) traded down $0.01 during trading hours on Thursday, hitting $0.75. The company had a trading volume of 401,408 shares, compared to its average volume of 790,666. The stock has a market capitalization of $124.78, a PE ratio of 11.86 and a beta of 1.15. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.92 and a current ratio of 0.92. Navios Maritime Acquisition has a one year low of $0.72 and a one year high of $1.92.
Navios Maritime Acquisition (NYSE:NNA) last announced its earnings results on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). Navios Maritime Acquisition had a negative net margin of 19.94% and a positive return on equity of 2.08%. analysts anticipate that Navios Maritime Acquisition will post -0.1 earnings per share for the current year.
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Navios Maritime Acquisition Company Profile
Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.
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