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

StockNews.com assumed coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research note released on Friday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Price Performance

Shares of GLBS opened at $1.55 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.13 and a quick ratio of 6.06. The company has a market cap of $31.90 million, a P/E ratio of 12.92 and a beta of 0.25. Globus Maritime has a 12 month low of $0.85 and a 12 month high of $3.15. The stock has a fifty day moving average price of $1.71 and a 200 day moving average price of $1.97.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings results on Friday, June 7th. The shipping company reported ($0.01) EPS for the quarter. Globus Maritime had a return on equity of 1.37% and a net margin of 7.87%. The firm had revenue of $7.71 million for the quarter.

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 position in Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 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.