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

Posted by on Jun 15th, 2023

Stock analysts at StockNews.com assumed coverage on shares of Globus Maritime (NASDAQ:GLBS – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the shipping company’s stock.

Globus Maritime Price Performance

Shares of GLBS stock opened at $0.95 on Thursday. The stock’s fifty day moving average is $0.98 and its 200-day moving average is $1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.75 and a current ratio of 3.84. Globus Maritime has a 52 week low of $0.89 and a 52 week high of $2.14. The stock has a market capitalization of $19.55 million, a PE ratio of 1.30 and a beta of 0.14.

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

Institutional Trading of Globus Maritime

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLBS. Millennium Management LLC bought a new position in shares of Globus Maritime in the 2nd quarter worth $629,000. Renaissance Technologies LLC lifted its stake in 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 buying an additional 207,259 shares during the period. Finally, Advisor Group Holdings Inc. bought a new position in Globus Maritime during the first quarter worth about $25,000. 8.40% of the stock is owned by institutional investors.

About Globus Maritime

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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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