Globus Maritime (NASDAQ:GLBS) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Globus Maritime (NASDAQ:GLBS) from a buy rating to a hold rating in a research report report published on Friday, ValuEngine reports.

GLBS traded down $0.13 on Friday, hitting $1.73. The company had a trading volume of 167,100 shares, compared to its average volume of 319,292. The stock has a fifty day moving average price of $2.36 and a 200-day moving average price of $2.43. Globus Maritime has a 12-month low of $1.63 and a 12-month high of $10.50. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.59 and a quick ratio of 0.55.

Globus Maritime (NASDAQ:GLBS) last posted its earnings results on Friday, September 27th. The shipping company reported ($0.74) earnings per share (EPS) for the quarter. Globus Maritime had a negative net margin of 28.26% and a negative return on equity of 11.20%. The company had revenue of $3.40 million during the quarter.

A hedge fund recently bought a new stake in Globus Maritime stock. Acadian Asset Management LLC bought a new stake in Globus Maritime Ltd (NASDAQ:GLBS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 12,245 shares of the shipping company’s stock, valued at approximately $28,000. Acadian Asset Management LLC owned about 0.38% of Globus Maritime at the end of the most recent reporting period. 1.03% of the stock is owned by institutional investors.

About Globus Maritime

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. The company 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 December 31, 2017, it owned and operated five vessels with a total carrying capacity of 300.571 deadweight tonnage.

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