Globus Maritime (NASDAQ:GLBS) Coverage Initiated at StockNews.com

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

Globus Maritime Stock Down 1.6 %

Globus Maritime stock opened at $1.87 on Thursday. The business has a fifty day moving average of $2.03 and a two-hundred day moving average of $2.22. The company has a quick ratio of 6.06, a current ratio of 6.13 and a debt-to-equity ratio of 0.27. The firm has a market cap of $38.48 million, a P/E ratio of 15.58 and a beta of 0.23. Globus Maritime has a twelve month low of $0.68 and a twelve month high of $3.15.

Institutional Trading of Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council acquired a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime at the end of the most recent quarter. 31.60% of the stock is owned by institutional investors and hedge funds.

Globus Maritime Company Profile

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.