Globus Maritime (NASDAQ:GLBS) Receives New Coverage from Analysts at began coverage on shares of Globus Maritime (NASDAQ:GLBSFree Report) in a report released on Saturday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Price Performance

GLBS stock opened at $2.11 on Friday. The company has a market capitalization of $43.42 million, a P/E ratio of 8.12 and a beta of 0.19. Globus Maritime has a twelve month low of $0.68 and a twelve month high of $3.15. The business has a 50 day simple moving average of $2.09 and a 200-day simple moving average of $2.20. The company has a current ratio of 8.35, a quick ratio of 8.21 and a debt-to-equity ratio of 0.26.

Globus Maritime (NASDAQ:GLBSGet Free Report) last posted its quarterly earnings data on Friday, March 15th. The shipping company reported $0.02 earnings per share for the quarter. The business had revenue of $7.11 million during the quarter. Globus Maritime had a return on equity of 3.03% and a net margin of 16.90%.

Institutional Investors Weigh In On Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council purchased a new position in shares of Globus Maritime Limited (NASDAQ:GLBSFree Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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

(Get Free Report)

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.

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