Shares of Navios Maritime Partners LP Representing Limited Partner Interests (NYSE:NMM) traded today at $32.32, eclipsing its 52-week high. This new high was reached on below average trading volume as 288,000 shares traded hands, while the average 30-day volume is approximately 585,000 shares.
Over the past year, Navios Maritime Partners LP Representing Limited Partner Interests has traded in a range of $5.51 to $32.32 and is now at $31.05, 464% above that low.
Based on a current price of $31.05, Navios Maritime Partners LP Representing Limited Partner Interests is currently 5.1% above its average consensus analyst price target of $29.47.
Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm’s fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts.
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