Globus Maritime (NASDAQ:GLBS) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of Globus Maritime (NASDAQ:GLBS) from a buy rating to a hold rating in a report released on Saturday, ValuEngine reports.

Shares of GLBS stock opened at $0.97 on Friday. Globus Maritime has a 1-year low of $0.93 and a 1-year high of $8.80. The stock’s 50-day moving average is $1.12 and its 200 day moving average is $1.93. The company has a quick ratio of 0.55, a current ratio of 0.74 and a debt-to-equity ratio of 0.90.

An institutional investor recently raised its position in Globus Maritime stock. Virtu Financial LLC boosted its stake in shares of Globus Maritime Ltd (NASDAQ:GLBS) by 101.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,246 shares of the shipping company’s stock after purchasing an additional 18,722 shares during the quarter. Virtu Financial LLC owned about 0.84% of Globus Maritime worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.29% of the stock is currently owned by institutional investors and hedge funds.

Globus Maritime Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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