StockNews.com Begins Coverage on Globus Maritime (NASDAQ:GLBS)

StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS) in a report issued on Saturday. The firm issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of GLBS stock opened at $1.68 on Friday. Globus Maritime has a 12 month low of $1.40 and a 12 month high of $3.15. The company has a current ratio of 7.33, a quick ratio of 7.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $34.57 million, a P/E ratio of 4.94 and a beta of 0.26. The firm’s 50 day moving average is $1.76 and its 200 day moving average is $1.85.

Globus Maritime (NASDAQ:GLBS) last posted its earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share (EPS) for the quarter. Globus Maritime had a net margin of 21.32% and a return on equity of 3.02%. The business had revenue of $9.52 million for the quarter.

About Globus Maritime

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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.