Globus Maritime (NASDAQ:GLBS – Get Free Report) released its quarterly earnings data on Tuesday. The shipping company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09, MarketWatch Earnings reports. The firm had revenue of $7.84 million for the quarter. Globus Maritime had a net margin of 28.49% and a return on equity of 8.60%.
Globus Maritime Trading Down 0.5 %
Shares of NASDAQ GLBS opened at $0.91 on Thursday. The business has a 50 day simple moving average of $0.90 and a 200 day simple moving average of $0.97. Globus Maritime has a 52 week low of $0.68 and a 52 week high of $1.74. The stock has a market cap of $18.63 million, a price-to-earnings ratio of 1.24 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.75 and a current ratio of 3.84.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Globus Maritime in a report on Monday. They set a “hold” rating for the company.
Institutional Trading of Globus Maritime
A number of institutional investors have recently added to or reduced their stakes in GLBS. Millennium Management LLC bought a new position in shares of Globus Maritime during the 2nd quarter valued at $629,000. Renaissance Technologies LLC increased its position 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 buying an additional 207,259 shares during the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in Globus Maritime during the first quarter valued at 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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