Globus Maritime (NASDAQ:GLBS) Earns Hold Rating from Analysts at StockNews.com

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

Globus Maritime Stock Down 0.6 %

Globus Maritime stock opened at $1.76 on Friday. Globus Maritime has a 1-year low of $0.97 and a 1-year high of $3.15. The firm has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.92. The company has a current ratio of 6.13, a quick ratio of 6.06 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $36.22 million, a price-to-earnings ratio of 14.67 and a beta of 0.25.

Hedge Funds Weigh In On Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Advisor Resource Council bought 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 SEC. The fund bought 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 reporting period. 31.60% of the stock is currently 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.