Globus Maritime (NASDAQ:GLBS) Receives New Coverage from Analysts at assumed coverage on shares of Globus Maritime (NASDAQ:GLBSGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the shipping company’s stock.

Globus Maritime Stock Down 3.2 %

GLBS opened at $0.98 on Monday. Globus Maritime has a 1-year low of $0.90 and a 1-year high of $2.46. The company has a current ratio of 3.69, a quick ratio of 3.51 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $20.14 million, a price-to-earnings ratio of 0.82 and a beta of 0.14. The business has a 50 day moving average of $1.02 and a 200-day moving average of $1.13.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GLBS. Millennium Management LLC acquired a new position in Globus Maritime during the second quarter worth $629,000. Renaissance Technologies LLC raised its stake in Globus Maritime by 733.9% during the first quarter. Renaissance Technologies LLC now owns 235,499 shares of the shipping company’s stock worth $544,000 after acquiring an additional 207,259 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in Globus Maritime during the first quarter worth $25,000. 8.40% of the stock is currently owned by institutional investors and hedge funds.

About Globus Maritime

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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.

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