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

StockNews.com initiated coverage on shares of Globus Maritime (NASDAQ:GLBS – Get Rating) in a research note released on Monday. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Trading Down 3.2 %

Shares of GLBS stock opened at $0.98 on Monday. The stock has a market cap of $20.14 million, a price-to-earnings ratio of 0.82 and a beta of 0.14. The company has a quick ratio of 3.51, a current ratio of 3.69 and a debt-to-equity ratio of 0.22. Globus Maritime has a fifty-two week low of $0.90 and a fifty-two week high of $2.46. The firm’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.13.

Globus Maritime (NASDAQ:GLBS – Get Rating) last announced its quarterly earnings results on Monday, March 20th. The shipping company reported ($0.15) earnings per share for the quarter. The business had revenue of $8.31 million for the quarter. Globus Maritime had a net margin of 39.32% and a return on equity of 14.44%.

Institutional Trading of Globus Maritime

Hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. purchased a new stake in shares of Globus Maritime during the first quarter valued at approximately $25,000. Renaissance Technologies LLC increased its stake in shares of Globus Maritime by 733.9% in the first quarter. Renaissance Technologies LLC now owns 235,499 shares of the shipping company’s stock worth $544,000 after buying an additional 207,259 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Globus Maritime in the second quarter worth $629,000. Hedge funds and other institutional investors own 8.40% of the company’s stock.

Globus Maritime Company Profile

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Globus Maritime Ltd. is a holding company, which engages in the provision of marine transportation services. It owns, operates, and manages dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. The company was founded by Athanasios Georgios Feidakis and Georgios Karageorgiou on July 26, 2006 and is headquartered in Athens, Greece.