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

Globus Maritime Limited (NASDAQ:GLBS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.18 and traded as high as $1.61. Globus Maritime shares last traded at $1.55, with a volume of 245,872 shares trading hands.

Wall Street Analysts Forecast Growth

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

Globus Maritime Stock Performance

The stock has a market capitalization of $30.25 million, a price-to-earnings ratio of -6.68 and a beta of 0.50. The company has a current ratio of 2.34, a quick ratio of 2.22 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $1.31 and a two-hundred day moving average of $1.18.

Globus Maritime (NASDAQ:GLBS) last announced its quarterly earnings results on Friday, September 19th. The shipping company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. Globus Maritime had a negative return on equity of 2.65% and a negative net margin of 11.72%.The company had revenue of $9.54 million for the quarter, compared to the consensus estimate of $9.50 million.

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 September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.