Globus Maritime (NASDAQ:GLBS) Releases Quarterly Earnings Results

Globus Maritime (NASDAQ:GLBS) announced its quarterly earnings data on Friday. The shipping company reported $0.04 EPS for the quarter, Zacks reports. Globus Maritime had a negative return on equity of 3.36% and a negative net margin of 16.48%.

Globus Maritime Stock Up 2.2%

Shares of Globus Maritime stock traded up $0.03 during midday trading on Friday, hitting $1.37. The company’s stock had a trading volume of 577,114 shares, compared to its average volume of 64,274. Globus Maritime has a 1-year low of $0.99 and a 1-year high of $1.64. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $28.20 million, a P/E ratio of -4.72 and a beta of 0.66. The stock has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Globus Maritime in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.00.

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.