Globus Maritime (NASDAQ:GLBS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Globus Maritime Limited (NASDAQ:GLBS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.12 and traded as high as $1.21. Globus Maritime shares last traded at $1.17, with a volume of 62,181 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.00.

Globus Maritime Stock Performance

The business’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $1.12. The firm has a market capitalization of $24.08 million, a PE ratio of -4.03 and a beta of 0.66. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 0.60.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings data on Friday, September 19th. The shipping company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. Globus Maritime had a negative return on equity of 3.36% and a negative net margin of 16.48%.The company had revenue of $9.54 million during the quarter, compared to analyst estimates of $9.50 million.

About Globus Maritime

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It 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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.