Globus Maritime (NASDAQ:GLBS) Stock Passes Above 200 Day Moving Average – What’s Next?

Globus Maritime Limited (NASDAQ:GLBS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.29 and traded as high as $1.6457. Globus Maritime shares last traded at $1.6050, with a volume of 30,503 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Globus Maritime in a research report 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 company presently has an average rating of “Hold” and a consensus target price of $3.00.

Globus Maritime Trading Up 0.9%

The firm has a market cap of $33.03 million, a P/E ratio of -7.30 and a beta of 0.55. The firm has a fifty day moving average of $1.62 and a 200-day moving average of $1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.22 and a current ratio of 2.34.

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.