Globus Maritime (NASDAQ:GLBS) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Up 2.8 %

Globus Maritime stock opened at $1.81 on Thursday. The company has a market capitalization of $37.25 million, a P/E ratio of 15.08 and a beta of 0.27. The firm’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.87. 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 has a 1-year low of $1.40 and a 1-year high of $3.15.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share for the quarter. The business had revenue of $9.52 million for the quarter. Globus Maritime had a net margin of 21.32% and a return on equity of 3.02%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council bought a new position in Globus Maritime Limited (NASDAQ:GLBS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. 31.60% of the stock is currently owned by institutional investors and hedge funds.

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.