Globus Maritime (NASDAQ:GLBS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Globus Maritime Limited (NASDAQ:GLBS)’s share price 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 changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.00.

Globus Maritime Stock Performance

The stock’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.29. The company has a quick ratio of 2.22, a current ratio of 2.34 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $33.14 million, a price-to-earnings ratio of -7.32 and a beta of 0.55.

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.