Navigator Holdings Ltd. (NYSE:NVGS) was a big mover last session, as the company saw its shares rise 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 20.1% in the past one-month time frame.
The company has seen four negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this shipping stock going forward to see if yesterday’s move higher can last.
Navigator Holdings currently carries a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the same industry is Danaos Corporation (NYSE:DAC) , carrying a Zacks Rank #2 (Buy).
Is NVGS going up? Or down? Predict to see what others think: Up or Down
DANAOS CORP (DAC): Free Stock Analysis Report
NAVIGATOR HLDGS (NVGS): Free Stock Analysis Report
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Zacks Investment Research