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

Stock analysts at StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS) in a report released on Sunday. The firm set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of NASDAQ GLBS opened at $0.89 on Friday. The firm has a fifty day moving average price of $0.90 and a 200-day moving average price of $0.99. Globus Maritime has a 1 year low of $0.68 and a 1 year high of $1.74. The stock has a market cap of $18.32 million, a PE ratio of 1.22 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 3.75.

Globus Maritime (NASDAQ:GLBS) last issued its earnings results on Friday, June 2nd. The shipping company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.27. The firm had revenue of $8.58 million for the quarter. Globus Maritime had a return on equity of 8.60% and a net margin of 28.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. bought a new stake in Globus Maritime in the first quarter worth $25,000. Renaissance Technologies LLC raised its holdings in shares of Globus Maritime by 733.9% in 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 in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Globus Maritime in the second quarter valued at about $629,000. Institutional investors own 2.64% 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 March 20, 2023, the company's fleet include nine vessels with a total carrying capacity of 626,257 deadweight tonnage.