Globus Maritime (NASDAQ:GLBS) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Globus Maritime (NASDAQ:GLBS) in a report released on Tuesday. The firm set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Down 3.0 %

NASDAQ:GLBS opened at $1.92 on Tuesday. The firm has a market capitalization of $39.52 million, a P/E ratio of 16.00 and a beta of 0.25. Globus Maritime has a 1-year low of $1.40 and a 1-year high of $3.15. The company’s fifty day moving average price is $1.68 and its 200-day moving average price is $1.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.33 and a quick ratio of 7.26.

Institutional Trading of Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council purchased a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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. 31.60% of the stock is currently owned by institutional investors.

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.