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

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

Globus Maritime Trading Up 1.1 %

NASDAQ:GLBS opened at $1.77 on Friday. The company’s 50-day simple moving average is $1.74 and its 200 day simple moving average is $1.86. The firm has a market capitalization of $36.43 million, a P/E ratio of 5.21 and a beta of 0.27. Globus Maritime has a one year low of $1.40 and a one year high of $3.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.33 and a quick ratio of 7.26.

Globus Maritime (NASDAQ:GLBS) last issued its earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share (EPS) for the quarter. The firm 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 stake in shares of Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime at the end of the most recent quarter. 31.60% of the stock is owned by hedge funds and other 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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.