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

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

Globus Maritime Stock Performance

NASDAQ GLBS opened at $1.35 on Friday. The company has a market capitalization of $27.87 million, a price-to-earnings ratio of 9.67 and a beta of 0.38. Globus Maritime has a twelve month low of $1.06 and a twelve month high of $2.40. The stock has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.51. 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:GLBSGet Free Report) last posted its quarterly earnings data on Friday, November 29th. The shipping company reported ($0.03) earnings per share for the quarter. Globus Maritime had a net margin of 8.44% and a return on equity of 0.74%.

About Globus Maritime

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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.

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