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

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 $1.13 and traded as high as $1.40. Globus Maritime shares last traded at $1.34, with a volume of 328,426 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Globus Maritime in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Globus Maritime currently has an average rating of “Hold” and a consensus price target of $3.00.

Globus Maritime Stock Up 8.9%

The stock has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.13. The firm has a market capitalization of $27.58 million, a PE ratio of -4.62 and a beta of 0.66. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 0.60.

Globus Maritime (NASDAQ:GLBS) last posted its quarterly earnings results on Friday, September 19th. The shipping company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. Globus Maritime had a negative return on equity of 3.36% and a negative net margin of 16.48%.The firm had revenue of $9.54 million during the quarter, compared to analyst estimates of $9.50 million.

Globus Maritime Company Profile

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.