Globus Maritime (NASDAQ:GLBS) Raised to “Buy” at ValuEngine

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Globus Maritime (NASDAQ:GLBS) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday, ValuEngine reports.

NASDAQ GLBS opened at $1.35 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average is $2.03 and its two-hundred day moving average is $2.29. Globus Maritime has a 1-year low of $1.13 and a 1-year high of $8.80.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings data on Friday, September 27th. The shipping company reported ($0.74) earnings per share for the quarter. The company had revenue of $3.40 million for the quarter. Globus Maritime had a negative net margin of 28.26% and a negative return on equity of 11.20%.

An institutional investor recently bought a new position in Globus Maritime stock. Acadian Asset Management LLC acquired a new stake in shares of Globus Maritime Ltd (NASDAQ:GLBS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,245 shares of the shipping company’s stock, valued at approximately $28,000. Acadian Asset Management LLC owned approximately 0.38% of Globus Maritime at the end of the most recent quarter. 0.87% of the stock is owned by institutional investors and hedge funds.

Globus Maritime Company Profile

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. The company 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, 2017, it owned and operated five vessels with a total carrying capacity of 300.571 deadweight tonnage.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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