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

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

Globus Maritime Price Performance

Globus Maritime stock opened at $1.16 on Friday. Globus Maritime has a 52 week low of $1.06 and a 52 week high of $2.72. The firm has a market capitalization of $23.88 million, a PE ratio of 8.29 and a beta of 0.32. The company has a quick ratio of 4.78, a current ratio of 4.85 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $1.65.

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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.