Stock Alert: Navios Maritime Climbs 16%

(RTTNews) - Shares of seaborne shipping and logistics company Navios Maritime Holdings Inc. (NM) climbed $0.48 or 16.33% on Monday, before closing at $3.42.

NM was once trading in triple digits way back in 2007-08. The stock has been trading in a range of $1.69-$8.10 during the past one year.

Navios Maritime had reported third-quarter revenue of $141.6 million in November last year, almost flat at $141.45 million in the comparable quarter last year. Adjusted EPS was $2.77 in the quarter versus loss per share of $0.14 in the year-ago period. Earnings were helped by a gain from sale of business in the quarter.