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 report published on Tuesday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Price Performance

NASDAQ GLBS opened at $1.96 on Tuesday. The business’s fifty day moving average price is $1.69 and its 200-day moving average price is $1.91. The stock has a market capitalization of $40.24 million, a price-to-earnings ratio of 16.29 and a beta of 0.27. 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 has a 1-year low of $1.40 and a 1-year high of $3.15.

Hedge Funds Weigh In On Globus Maritime

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 its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 31.60% of the company’s stock.

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 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.