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

Globus Maritime Limited (NASDAQ:GLBS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.00.

Globus Maritime Trading Up 1.8%

The firm has a market cap of $35.19 million, a price-to-earnings ratio of -7.77 and a beta of 0.54. The company has a quick ratio of 2.22, a current ratio of 2.34 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $1.66 and a 200 day moving average price of $1.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Globus Maritime stock. Jane Street Group LLC acquired a new position in Globus Maritime Limited (NASDAQ:GLBS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 32,896 shares of the shipping company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.16% of Globus Maritime as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.