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

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

Globus Maritime Stock Up 10.3 %

GLBS stock opened at $1.60 on Tuesday. Globus Maritime has a fifty-two week low of $1.29 and a fifty-two week high of $3.15. The business’s 50 day moving average price is $1.72 and its two-hundred day moving average price is $1.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 7.26 and a current ratio of 7.33. The company has a market capitalization of $32.93 million, a price-to-earnings ratio of 4.71 and a beta of 0.26.

Globus Maritime (NASDAQ:GLBS) last posted its 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 firm had revenue of $9.52 million for the quarter.

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.