Globus Maritime (NASDAQ:GLBS) Issues Quarterly Earnings Results

Globus Maritime (NASDAQ:GLBS) posted its earnings results on Monday. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports. Globus Maritime had a return on equity of 0.74% and a net margin of 8.44%.

Globus Maritime Trading Down 3.7%

Shares of GLBS traded down $0.05 during trading on Monday, reaching $1.30. 397,109 shares of the company traded hands, compared to its average volume of 41,160. The stock has a 50-day simple moving average of $1.12 and a 200-day simple moving average of $1.22. The stock has a market cap of $26.77 million, a PE ratio of 9.29 and a beta of 0.53. Globus Maritime has a twelve month low of $0.99 and a twelve month high of $2.21. The company has a quick ratio of 4.78, a current ratio of 4.85 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Globus Maritime in a report on Wednesday, May 21st. They set a “hold” rating for the company.

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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.