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

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

Globus Maritime Trading Up 1.7 %

NASDAQ:GLBS opened at $1.82 on Wednesday. The company has a market capitalization of $37.46 million, a P/E ratio of 5.35 and a beta of 0.27. The stock’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 7.26 and a current ratio of 7.33. Globus Maritime has a 52 week low of $1.40 and a 52 week high of $3.15.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share for the quarter. The business 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

An institutional investor recently bought a new position 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 filing with the Securities and Exchange Commission (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 currently owned by institutional investors and hedge funds.

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.