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

Shares of Globus Maritime Limited (NASDAQ:GLBS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

Globus Maritime Stock Up 0.9%

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 has a market capitalization of $33.03 million, a P/E ratio of -7.30 and a beta of 0.55. The firm’s fifty day moving average price is $1.62 and its 200-day moving average price is $1.29.

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.