Globus Maritime (NASDAQ:GLBS) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Globus Maritime Limited (NASDAQ:GLBS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.30 and traded as high as $1.57. Globus Maritime shares last traded at $1.56, with a volume of 28,740 shares changing hands.

Analyst Ratings Changes

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

Globus Maritime Stock Up 2.0%

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.34 and a quick ratio of 2.22. The firm’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.30. The firm has a market cap of $32.10 million, a price-to-earnings ratio of -7.09 and a beta of 0.54.

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.