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Navios Maritime (NAP) in Focus: Stock Adds 11.7% in Session

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Navios Maritime Midstream Partners L.P. was a big mover last session, as its shares rose almost 12% on the day. The move came after the company reported third-quarter 2016 profit of $5.5 million on Oct 26. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.10 to $11.74 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the 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 stock going forward to see if this recent move higher can last.

Navios Maritime currently carries a Zacks Rank #3 (Hold).

Another favorably-ranked stock in the trans-ship space is Genco Shipping & Trading Ltd. (GNK - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NAP going up? Or down? Predict to see what others think: Up or Down

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