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

Investment analysts at StockNews.com started coverage on shares of Globus Maritime (NASDAQ:GLBS) in a note issued to investors on Thursday. The firm set a “hold” rating on the shipping company’s stock.

Globus Maritime Price Performance

Globus Maritime stock opened at $1.15 on Thursday. Globus Maritime has a 52 week low of $1.06 and a 52 week high of $2.40. The company’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.45. The stock has a market cap of $23.66 million, a P/E ratio of 8.21 and a beta of 0.64. The company has a quick ratio of 4.78, a current ratio of 4.85 and a debt-to-equity ratio of 0.49.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings results on Friday, March 14th. The shipping company reported ($0.10) EPS for the quarter. Globus Maritime had a return on equity of 0.74% and a net margin of 8.44%. The business had revenue of $8.69 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.