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

Analysts at StockNews.com started coverage on shares of Globus Maritime (NASDAQ:GLBS – Get Free Report) in a research report issued on Monday. The brokerage set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of GLBS opened at $0.87 on Monday. Globus Maritime has a 12 month low of $0.87 and a 12 month high of $1.96. The company’s fifty day moving average is $0.93 and its 200-day moving average is $1.05. The company has a quick ratio of 3.75, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. The firm has a market cap of $17.95 million, a price-to-earnings ratio of 1.19 and a beta of 0.15.

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

Institutional Investors Weigh In On Globus Maritime

Several hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. bought a new position in shares of Globus Maritime in the first quarter worth approximately $25,000. Renaissance Technologies LLC increased its holdings in Globus Maritime by 733.9% in the 1st 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 in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Globus Maritime during the 2nd quarter valued at about $629,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

About Globus Maritime

(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 March 20, 2023, the company's fleet include nine vessels with a total carrying capacity of 626,257 deadweight tonnage.

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