StockNews.com Initiates Coverage on Globus Maritime (NASDAQ:GLBS)

StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBSFree Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Up 1.1 %

Globus Maritime stock opened at $1.37 on Friday. The company’s 50 day simple moving average is $1.29 and its 200 day simple moving average is $1.51. Globus Maritime has a fifty-two week low of $1.06 and a fifty-two week high of $2.40. The firm has a market capitalization of $28.09 million, a price-to-earnings ratio of 9.75 and a beta of 0.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.85 and a quick ratio of 4.78.

Globus Maritime (NASDAQ:GLBSGet Free Report) last released its quarterly earnings data on Friday, November 29th. The shipping company reported ($0.03) earnings per share for the quarter. Globus Maritime had a return on equity of 0.74% and a net margin of 8.44%.

About Globus Maritime

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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.

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