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

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

Globus Maritime Stock Performance

Globus Maritime stock opened at $2.18 on Monday. Globus Maritime has a 1 year low of $1.14 and a 1 year high of $3.15. The company’s 50-day moving average is $1.66 and its two-hundred day moving average is $1.92. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27. The company has a market cap of $44.87 million, a PE ratio of 18.17 and a beta of 0.25.

Institutional Trading of Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council purchased a new position in Globus Maritime Limited (NASDAQ:GLBS) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime as of its most recent SEC filing. 31.60% of the stock is owned by institutional investors and hedge funds.

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 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.