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

Equities research analysts at StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research report issued on Saturday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Down 4.2 %

Shares of Globus Maritime stock opened at $1.42 on Friday. Globus Maritime has a 1 year low of $0.86 and a 1 year high of $3.15. The company has a market cap of $29.19 million, a P/E ratio of 11.82 and a beta of 0.25. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.95.

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

Hedge Funds Weigh In On Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council acquired a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime at the end of the most recent quarter. Institutional investors and hedge funds own 31.60% of the company’s stock.

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.