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

Research analysts at StockNews.com started coverage on shares of Globus Maritime (NASDAQ:GLBS – Get Rating) in a research report issued on Sunday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Down 0.9 %

NASDAQ:GLBS opened at $1.09 on Friday. The company has a market cap of $11.52 million, a PE ratio of 0.55 and a beta of 0.17. The company has a current ratio of 5.96, a quick ratio of 5.83 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $1.16 and its two-hundred day moving average is $1.26. Globus Maritime has a twelve month low of $1.03 and a twelve month high of $2.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. purchased a new position in shares of Globus Maritime during the 1st quarter valued at approximately $25,000. Renaissance Technologies LLC raised its holdings in shares of Globus Maritime by 733.9% during the first quarter. Renaissance Technologies LLC now owns 235,499 shares of the shipping company’s stock valued at $544,000 after acquiring an additional 207,259 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Globus Maritime during the second quarter worth $629,000. 8.40% of the stock is owned by institutional investors and hedge funds.

Globus Maritime Company Profile

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Globus Maritime Ltd. is a holding company, which engages in the provision of marine transportation services. It owns, operates, and manages dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. The company was founded by Athanasios Georgios Feidakis and Georgios Karageorgiou on July 26, 2006 and is headquartered in Athens, Greece.