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

Equities research analysts at StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research note issued on Thursday. The firm set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of GLBS stock opened at $1.92 on Thursday. The company has a market capitalization of $39.51 million, a PE ratio of 16.00 and a beta of 0.23. The firm has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $2.23. The company has a quick ratio of 6.06, a current ratio of 6.13 and a debt-to-equity ratio of 0.27. Globus Maritime has a 12-month low of $0.68 and a 12-month high of $3.15.

Institutional Investors Weigh In On Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council bought a new stake in Globus Maritime Limited (NASDAQ:GLBS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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 hedge funds and other institutional investors.

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.