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

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

Globus Maritime Stock Performance

NASDAQ:GLBS opened at $1.77 on Friday. The company has a market capitalization of $36.43 million, a P/E ratio of 14.75 and a beta of 0.27. The business has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.33 and a quick ratio of 7.26. Globus Maritime has a 1 year low of $1.40 and a 1 year high of $3.15.

Globus Maritime (NASDAQ:GLBS) last posted its quarterly 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 during the quarter.

Institutional Trading of 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) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned approximately 0.12% of Globus Maritime at the end of the most recent reporting period. 31.60% of the stock is currently owned by 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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.