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

Stock analysts at StockNews.com began coverage on shares of Globus Maritime (NASDAQ:GLBS) in a report released on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Trading Down 3.4 %

Globus Maritime stock opened at $1.43 on Wednesday. Globus Maritime has a 1 year low of $1.29 and a 1 year high of $3.15. The firm’s 50 day moving average price is $1.70 and its 200-day moving average price is $1.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.85 and a quick ratio of 7.26. The stock has a market cap of $29.43 million, a P/E ratio of 10.21 and a beta of 0.32.

Globus Maritime (NASDAQ:GLBS) last posted 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 during the quarter. Globus Maritime had a return on equity of 0.74% and a net margin of 8.44%.

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.