Globus Maritime (NASDAQ:GLBS) Share Price Passes Above 200-Day Moving Average – Here’s Why

Globus Maritime Limited (NASDAQ:GLBS)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.27 and traded as high as $1.71. Globus Maritime shares last traded at $1.68, with a volume of 45,834 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Globus Maritime in a research report on Wednesday, October 8th. 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.com, the company has a consensus rating of “Hold” and a consensus target price of $3.00.

Globus Maritime Trading Up 2.4%

The stock has a market cap of $34.57 million, a PE ratio of -7.64 and a beta of 0.55. 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 50 day moving average of $1.56 and a two-hundred day moving average of $1.27.

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.