Globus Maritime (NASDAQ:GLBS) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Globus Maritime (NASDAQ:GLBS) from a sell rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

Shares of GLBS traded down $0.14 during midday trading on Thursday, hitting $1.98. 3,705 shares of the company traded hands, compared to its average volume of 183,107. The firm has a 50 day simple moving average of $2.34. Globus Maritime has a 52 week low of $2.01 and a 52 week high of $11.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.01.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings data on Tuesday, June 11th. The shipping company reported ($0.15) EPS for the quarter. Globus Maritime had a negative net margin of 14.77% and a negative return on equity of 6.07%. The company had revenue of $3.54 million for the quarter.

A hedge fund recently bought a new stake in Globus Maritime stock. Virtu Financial LLC acquired a new stake in shares of Globus Maritime Ltd (NASDAQ:GLBS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 29,634 shares of the shipping company’s stock, valued at approximately $97,000. Virtu Financial LLC owned about 0.92% of Globus Maritime as of its most recent SEC filing. Institutional investors and hedge funds own 1.65% of the company’s stock.

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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