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

StockNews.com assumed coverage on shares of Globus Maritime (NASDAQ:GLBS) in a research note issued on Tuesday. The firm set a “hold” rating on the shipping company’s stock.

Globus Maritime Stock Performance

GLBS stock opened at $1.24 on Tuesday. The company has a market capitalization of $25.42 million, a P/E ratio of 8.82 and a beta of 0.23. The company has a 50-day simple moving average of $1.31 and a 200 day simple moving average of $1.48. Globus Maritime has a fifty-two week low of $1.06 and a fifty-two week high of $2.40. 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 posted its quarterly earnings data on Friday, March 14th. The shipping company reported ($0.10) earnings per share for the quarter. Globus Maritime had a return on equity of 0.74% and a net margin of 8.44%. The company had revenue of $8.69 million during 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.