Globus Maritime (NASDAQ:GLBS) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS) in a report released on Friday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Price Performance

GLBS stock opened at $1.77 on Friday. The company has a current ratio of 7.33, a quick ratio of 7.26 and a debt-to-equity ratio of 0.36. Globus Maritime has a one year low of $1.40 and a one year high of $3.15. The firm has a market capitalization of $36.43 million, a PE ratio of 14.75 and a beta of 0.27. The firm has a 50-day moving average of $1.74 and a two-hundred day moving average of $1.86.

Globus Maritime (NASDAQ:GLBS) last posted its quarterly earnings results on Thursday, September 12th. The shipping company reported $0.09 EPS for the quarter. The business had revenue of $9.52 million during the quarter. Globus Maritime had a net margin of 21.32% and a return on equity of 3.02%.

Institutional Trading of Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council purchased a new stake in Globus Maritime Limited (NASDAQ:GLBS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned 0.12% of Globus Maritime as of its most recent SEC filing. 31.60% of the stock is owned by institutional investors.

About Globus Maritime

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.