Globus Maritime (NASDAQ:GLBS – Get Free Report) issued its quarterly earnings data on Tuesday. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09, MarketWatch Earnings reports. The company had revenue of $7.84 million during the quarter. Globus Maritime had a return on equity of 8.60% and a net margin of 28.49%.
Globus Maritime Price Performance
Shares of GLBS stock opened at $0.91 on Thursday. The stock has a 50-day moving average price of $0.90 and a 200 day moving average price of $0.97. The company has a quick ratio of 3.75, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. The firm has a market cap of $18.63 million, a price-to-earnings ratio of 1.24 and a beta of 0.17. Globus Maritime has a 12 month low of $0.68 and a 12 month high of $1.74.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Globus Maritime in a report on Monday. They issued a “hold” rating for the company.
Institutional Trading of Globus Maritime
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLBS. Millennium Management LLC acquired a new stake in Globus Maritime in the second quarter worth about $629,000. Renaissance Technologies LLC grew its position in shares of Globus Maritime by 733.9% during the 1st 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 period. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Globus Maritime during the 1st quarter worth about $25,000. 2.64% of the stock is currently owned by institutional investors and hedge funds.
Globus Maritime Company Profile
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 March 20, 2023, the company's fleet include nine vessels with a total carrying capacity of 626,257 deadweight tonnage.
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