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

Globus Maritime Limited (NASDAQ:GLBS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.33 and traded as high as $1.73. Globus Maritime shares last traded at $1.71, with a volume of 14,311 shares changing hands.

Wall Street Analyst Weigh In

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

Globus Maritime Stock Up 9.4%

The firm has a market capitalization of $38.48 million, a PE ratio of -8.50 and a beta of 0.54. The business’s 50 day simple moving average is $1.66 and its 200 day simple moving average is $1.34. The company has a current ratio of 2.34, a quick ratio of 2.22 and a debt-to-equity ratio of 0.59.

Hedge Funds Weigh In On Globus Maritime

A hedge fund recently bought a new stake in Globus Maritime stock. Jane Street Group LLC purchased a new stake in shares of Globus Maritime Limited (NASDAQ:GLBS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,896 shares of the shipping company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.16% of Globus Maritime as of its most recent filing with the SEC. 31.60% of the stock is currently owned by institutional investors and hedge funds.

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.