Globus Maritime (NASDAQ:GLBS) Releases Earnings Results

Globus Maritime (NASDAQ:GLBS) issued its earnings results on Monday. The shipping company reported ($0.07) EPS for the quarter, Zacks reports. Globus Maritime had a net margin of 8.44% and a return on equity of 0.74%.

Globus Maritime Trading Down 3.7%

Shares of GLBS traded down $0.05 during midday trading on Monday, reaching $1.30. The company had a trading volume of 397,109 shares, compared to its average volume of 41,160. Globus Maritime has a 1-year low of $0.99 and a 1-year high of $2.21. The company has a quick ratio of 4.78, a current ratio of 4.85 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $1.22. The stock has a market cap of $26.77 million, a PE ratio of 9.29 and a beta of 0.53.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Globus Maritime in a research report on Wednesday, May 21st. They issued a “hold” rating for the company.

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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.