Globus Maritime (NASDAQ:GLBS) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Globus Maritime (NASDAQ:GLBS) in a report issued on Sunday. The firm issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Performance

Shares of Globus Maritime stock opened at $1.76 on Friday. The business has a fifty day simple moving average of $1.64 and a two-hundred day simple moving average of $1.92. The firm has a market capitalization of $36.22 million, a P/E ratio of 14.67 and a beta of 0.25. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27. Globus Maritime has a 12 month low of $0.97 and a 12 month high of $3.15.

Hedge Funds Weigh In On Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council purchased a new position in Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned approximately 0.12% of Globus Maritime as of its most recent SEC filing. 31.60% of the stock is owned by institutional investors and hedge funds.

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.