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

Research analysts at StockNews.com started coverage on shares of Globus Maritime (NASDAQ:GLBSGet Free Report) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of GLBS opened at $1.54 on Friday. The company’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.83. The firm has a market cap of $31.69 million, a PE ratio of 4.53 and a beta of 0.26. Globus Maritime has a 12-month low of $1.40 and a 12-month high of $3.15. 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 (NASDAQ:GLBSGet Free Report) last announced its earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share for the quarter. Globus Maritime had a return on equity of 3.02% and a net margin of 21.32%. The company had revenue of $9.52 million for the quarter.

Globus Maritime Company Profile

(Get Free Report)

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.

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