Shares of Globus Maritime Ltd (NASDAQ:GLBS) dropped 7.8% during trading on Tuesday . The company traded as low as $4.50 and last traded at $4.25. Approximately 725 shares changed hands during trading, a decline of 100% from the average daily volume of 1,002,687 shares. The stock had previously closed at $4.61.
Separately, ValuEngine downgraded shares of Globus Maritime from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th.
Globus Maritime (NASDAQ:GLBS) last announced its quarterly earnings data on Friday, March 15th. The shipping company reported ($0.42) EPS for the quarter. The company had revenue of $4.36 million for the quarter. Globus Maritime had a negative net margin of 20.56% and a negative return on equity of 8.47%.
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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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