Globus Maritime Limited (NASDAQ:GLBS – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.89 and traded as high as $1.93. Globus Maritime shares last traded at $1.86, with a volume of 10,754 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Globus Maritime in a research note on Wednesday. They issued a “hold” rating on the stock.
Read Our Latest Report on GLBS
Globus Maritime Price Performance
Globus Maritime (NASDAQ:GLBS – Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The shipping company reported $0.09 earnings per share for the quarter. The firm had revenue of $9.52 million during the quarter. Globus Maritime had a net margin of 21.32% and a return on equity of 3.02%.
Hedge Funds Weigh In On Globus Maritime
An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council acquired a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned about 0.12% of Globus Maritime at the end of the most recent quarter. Institutional investors own 31.60% of the company’s stock.
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 December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.
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