StockNews.com Initiates Coverage on Globus Maritime (NASDAQ:GLBS)

StockNews.com assumed coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Trading Up 1.1 %

NASDAQ GLBS opened at $1.77 on Friday. The stock has a market capitalization of $36.43 million, a price-to-earnings ratio of 5.21 and a beta of 0.27. The stock’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 7.26 and a current ratio of 7.33. Globus Maritime has a 52 week low of $1.40 and a 52 week high of $3.15.

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

Institutional Investors Weigh In On Globus Maritime

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

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.