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

StockNews.com assumed coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Performance

NASDAQ GLBS opened at $1.32 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.85 and a quick ratio of 4.78. Globus Maritime has a 1-year low of $1.06 and a 1-year high of $2.40. The business has a 50 day simple moving average of $1.31 and a two-hundred day simple moving average of $1.56. The stock has a market capitalization of $29.02 million, a PE ratio of 9.43 and a beta of 0.39.

Globus Maritime (NASDAQ:GLBS) last announced its quarterly earnings results on Friday, November 29th. The shipping company reported ($0.03) earnings per share for the quarter. Globus Maritime had a return on equity of 0.74% and a net margin of 8.44%.

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.