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

Analysts at StockNews.com assumed coverage on shares of Globus Maritime (NASDAQ:GLBS – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Price Performance

Shares of NASDAQ GLBS opened at $0.91 on Wednesday. Globus Maritime has a twelve month low of $0.90 and a twelve month high of $2.46. The company has a current ratio of 3.69, a quick ratio of 3.51 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $18.74 million, a price-to-earnings ratio of 1.25 and a beta of 0.14. The business has a 50 day simple moving average of $1.00 and a 200-day simple moving average of $1.10.

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Globus Maritime (NASDAQ:GLBS – Get Rating) last issued its quarterly earnings results on Friday, June 2nd. The shipping company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.27. Globus Maritime had a return on equity of 8.63% and a net margin of 28.49%. The business had revenue of $8.58 million during the quarter.

Institutional Investors Weigh In On Globus Maritime

A number of institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. bought a new stake in shares of Globus Maritime in the 1st quarter valued at approximately $25,000. Renaissance Technologies LLC increased its position in Globus Maritime by 733.9% in the first quarter. Renaissance Technologies LLC now owns 235,499 shares of the shipping company’s stock worth $544,000 after buying an additional 207,259 shares during the period. Finally, Millennium Management LLC acquired a new stake in Globus Maritime in the second quarter worth $629,000. 8.40% of the stock is currently owned by institutional investors.

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.

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