Globus Maritime (NASDAQ:GLBS) Stock Crosses Above Two Hundred Day Moving Average of $1.91

Globus Maritime Limited (NASDAQ:GLBS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.91 and traded as high as $2.10. Globus Maritime shares last traded at $1.92, with a volume of 64,755 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Globus Maritime in a research report on Tuesday. They issued a “hold” rating for the company.

Globus Maritime Price Performance

The company has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $1.91. The stock has a market cap of $39.52 million, a PE ratio of 16.00 and a beta of 0.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.33 and a quick ratio of 7.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Globus Maritime stock. Advisor Resource Council purchased a new stake in Globus Maritime Limited (NASDAQ:GLBS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,050 shares of the shipping company’s stock, valued at approximately $55,000. Advisor Resource Council owned approximately 0.12% of Globus Maritime as of its most recent SEC filing. 31.60% of the stock is currently owned by hedge funds and other institutional investors.

About Globus Maritime

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 December 31, 2023, the company's fleet include six and nine vessels with a total carrying capacity of 453,745 deadweight tonnage and 626,257 deadweight tonnage.