Begins Coverage on Globus Maritime (NASDAQ:GLBS)

Investment analysts at started coverage on shares of Globus Maritime (NASDAQ:GLBSGet Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of NASDAQ:GLBS opened at $2.08 on Tuesday. The business has a fifty day moving average of $2.08 and a 200-day moving average of $2.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.21 and a current ratio of 8.35. Globus Maritime has a twelve month low of $0.68 and a twelve month high of $3.15. The firm has a market cap of $42.81 million, a PE ratio of 17.33 and a beta of 0.23.

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. Globus Maritime had a net margin of 7.87% and a return on equity of 1.37%. The firm had revenue of $7.11 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Globus Maritime stock. EWA LLC purchased a new stake in shares of Globus Maritime Limited (NASDAQ:GLBSFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,523 shares of the shipping company’s stock, valued at approximately $41,000. EWA LLC owned 0.08% of Globus Maritime as of its most recent SEC filing. 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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