Globus Maritime (NASDAQ:GLBS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Globus Maritime Limited (NASDAQ:GLBS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.33 and traded as high as $1.73. Globus Maritime shares last traded at $1.71, with a volume of 14,311 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Globus Maritime in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Globus Maritime has an average rating of “Hold” and a consensus target price of $3.00.

Globus Maritime Trading Up 1.8%

The business’s 50 day moving average price is $1.66 and its two-hundred day moving average price is $1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.22 and a current ratio of 2.34. The company has a market capitalization of $35.19 million, a price-to-earnings ratio of -7.77 and a beta of 0.54.

Institutional Investors Weigh In On Globus Maritime

An institutional investor recently bought a new position in Globus Maritime stock. Jane Street Group LLC purchased a new stake in Globus Maritime Limited (NASDAQ:GLBS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 32,896 shares of the shipping company’s stock, valued at approximately $58,000. Jane Street Group LLC owned about 0.16% of Globus Maritime at the end of the most recent quarter. Hedge funds and other institutional investors own 31.60% of the company’s stock.

Globus Maritime Company Profile

Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.

After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.