Globus Maritime (NASDAQ:GLBS) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Globus Maritime Limited (NASDAQ:GLBS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.46 and traded as high as $1.72. Globus Maritime shares last traded at $1.69, with a volume of 95,995 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.00.

Globus Maritime Stock Performance

The stock has a market cap of $36.25 million, a P/E ratio of -24.00 and a beta of 0.48. The company has a current ratio of 2.74, a quick ratio of 2.22 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $1.76 and a 200 day simple moving average of $1.46.

Globus Maritime (NASDAQ:GLBS) last released its earnings results on Monday, March 16th. The shipping company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.14. Globus Maritime had a negative return on equity of 1.00% and a negative net margin of 3.95%.The firm had revenue of $13.45 million during the quarter, compared to the consensus estimate of $11.60 million.

Institutional Investors Weigh In On Globus Maritime

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Globus Maritime in the 4th quarter valued at approximately $127,000. Jane Street Group LLC acquired a new stake in shares of Globus Maritime during the 4th quarter worth approximately $58,000. Finally, XTX Topco Ltd boosted its position in shares of Globus Maritime by 64.6% during the 4th quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock worth $37,000 after acquiring an additional 8,327 shares in the last quarter. 31.60% of the stock is currently owned by institutional investors and hedge funds.

About Globus Maritime

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.