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

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

Globus Maritime Stock Performance

Shares of NASDAQ:GLBS remained flat at $1.55 during trading on Tuesday. The stock had a trading volume of 116,207 shares, compared to its average volume of 50,945. The company has a 50-day simple moving average of $1.86 and a two-hundred day simple moving average of $2.05. The company has a market capitalization of $31.90 million, a P/E ratio of 12.92 and a beta of 0.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 6.06 and a current ratio of 6.13. Globus Maritime has a fifty-two week low of $0.85 and a fifty-two week high of $3.15.

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

Institutional Investors Weigh In On Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council purchased a new position in shares of Globus Maritime Limited (NASDAQ:GLBS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing. 31.60% of the stock is 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.