Globus Maritime (NASDAQ:GLBS) Coverage Initiated at StockNews.com

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

Globus Maritime Stock Performance

GLBS stock opened at $1.79 on Wednesday. The firm has a 50 day simple moving average of $1.70 and a 200 day simple moving average of $1.89. 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. The stock has a market cap of $36.84 million, a P/E ratio of 14.92 and a beta of 0.27.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $9.52 million during 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

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council acquired a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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 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.