Globus Maritime (NASDAQ:GLBS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Globus Maritime Limited (NASDAQ:GLBS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.00.

Globus Maritime Trading Up 2.4%

The stock has a market capitalization of $34.57 million, a PE ratio of -7.64 and a beta of 0.55. The company’s 50 day moving average price is $1.56 and its two-hundred day moving average price is $1.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.34 and a quick ratio of 2.22.

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.