Globus Maritime (NASDAQ:GLBS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Globus Maritime Limited (NASDAQ:GLBS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.12 and traded as high as $1.21. Globus Maritime shares last traded at $1.2001, with a volume of 10,879 shares trading hands.

Wall Street Analysts Forecast Growth

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

Globus Maritime Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $1.14 and its two-hundred day moving average price is $1.12. The stock has a market cap of $24.70 million, a PE ratio of -4.14 and a beta of 0.66.

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

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.