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

StockNews.com started coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research note published on Friday. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Trading Up 1.6 %

Shares of Globus Maritime stock opened at $1.55 on Friday. The company has a 50-day moving average of $1.71 and a two-hundred day moving average of $1.97. Globus Maritime has a 12-month low of $0.85 and a 12-month high of $3.15. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27. The stock has a market cap of $31.90 million, a PE ratio of 12.92 and a beta of 0.25.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings data on Friday, June 7th. The shipping company reported ($0.01) earnings per share for the quarter. The firm had revenue of $7.71 million during the quarter. Globus Maritime had a net margin of 7.87% and a return on equity of 1.37%.

Institutional Investors Weigh In On Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council bought a new position in shares of Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime at the end of the most recent quarter. Hedge funds and other institutional investors own 31.60% of the company’s stock.

Globus Maritime Company Profile

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 December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.