Globus Maritime (NASDAQ:GLBS – Get Free Report) issued its quarterly earnings data on Friday. The shipping company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Globus Maritime had a return on equity of 0.47% and a net margin of 1.72%.
Globus Maritime Trading Up 0.6%
NASDAQ:GLBS traded up $0.02 during mid-day trading on Friday, hitting $3.19. 132,582 shares of the stock traded hands, compared to its average volume of 108,811. The company has a quick ratio of 2.45, a current ratio of 2.65 and a debt-to-equity ratio of 0.56. Globus Maritime has a 52 week low of $1.00 and a 52 week high of $3.29. The stock has a market capitalization of $68.84 million, a price-to-earnings ratio of 63.81 and a beta of 0.29. The firm’s 50 day moving average is $2.75 and its two-hundred day moving average is $2.21.
Insider Buying and Selling at Globus Maritime
In other Globus Maritime news, Director Georgios Feidakis purchased 114,766 shares of Globus Maritime stock in a transaction dated Monday, July 13th. The shares were purchased at an average cost of $2.75 per share, for a total transaction of $315,606.50. Following the completion of the acquisition, the director owned 6,578,633 shares in the company, valued at $18,091,240.75. This represents a 1.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 59.20% of the company’s stock.
Institutional Trading of Globus Maritime
Analyst Ratings Changes
A number of research firms have recently weighed in on GLBS. Weiss Ratings upgraded shares of Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, June 12th. Wall Street Zen upgraded Globus Maritime to a “strong-buy” rating in a research report on Saturday, July 18th. Finally, Maxim Group boosted their price objective on Globus Maritime from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.
Check Out Our Latest Stock Analysis on Globus Maritime
About Globus Maritime
Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.
After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.
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