Globus Maritime (NASDAQ:GLBS) Stock Price Down 10.7%

Globus Maritime Ltd (NASDAQ:GLBS) fell 10.7% during trading on Friday . The stock traded as low as $1.13 and last traded at $1.25, 585,600 shares changed hands during mid-day trading. An increase of 84% from the average session volume of 318,014 shares. The stock had previously closed at $1.40.

Separately, ValuEngine downgraded Globus Maritime from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

The firm has a 50 day moving average price of $2.24 and a 200 day moving average price of $2.37. 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 quarterly earnings data on Friday, September 27th. The shipping company reported ($0.74) EPS for the quarter. Globus Maritime had a negative return on equity of 11.20% and a negative net margin of 28.26%. The company had revenue of $3.40 million during the quarter.

An institutional investor recently bought a new position in Globus Maritime stock. Acadian Asset Management LLC acquired a new position in Globus Maritime Ltd (NASDAQ:GLBS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,245 shares of the shipping company’s stock, valued at approximately $28,000. Acadian Asset Management LLC owned 0.38% of Globus Maritime as of its most recent SEC filing. Institutional investors and hedge funds own 0.76% of the company’s stock.

Globus Maritime Company Profile (NASDAQ:GLBS)

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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