Globus Maritime Limited (NASDAQ:GLBS - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.51 and traded as high as $3.76. Globus Maritime shares last traded at $3.69, with a volume of 129,132 shares changing hands.
Wall Street Analyst Weigh In
GLBS has been the subject of a number of analyst reports. Wall Street Zen upgraded Globus Maritime to a "strong-buy" rating in a research report on Saturday, July 18th. Weiss Ratings raised Globus Maritime from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, Maxim Group lifted their price objective on shares of Globus Maritime from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.
Get Our Latest Report on GLBS
Globus Maritime Stock Down 1.9%
The firm's fifty day moving average price is $3.24 and its 200-day moving average price is $2.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.77 and a quick ratio of 2.68. The firm has a market capitalization of $79.63 million, a P/E ratio of 11.18 and a beta of 0.31.
Globus Maritime (NASDAQ:GLBS - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The shipping company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.09. Globus Maritime had a net margin of 12.72% and a return on equity of 3.80%. The business had revenue of $14.61 million for the quarter, compared to analyst estimates of $13.90 million.
Insider Activity
In other news, Director Georgios Feidakis purchased 114,766 shares of the stock in a transaction dated Monday, July 13th. The shares were bought at an average cost of $2.75 per share, for a total transaction of $315,606.50. Following the transaction, the director owned 6,578,633 shares in the company, valued at $18,091,240.75. This trade represents a 1.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 59.20% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in Globus Maritime in the fourth quarter worth about $127,000. Jane Street Group LLC bought a new position in shares of Globus Maritime during the 4th quarter valued at about $58,000. NewEdge Advisors LLC bought a new position in shares of Globus Maritime during the 1st quarter valued at about $37,000. AXQ Capital LP acquired a new position in shares of Globus Maritime in the 2nd quarter worth approximately $39,000. Finally, XTX Topco Ltd grew its stake in shares of Globus Maritime by 64.6% in the 4th quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company's stock worth $37,000 after purchasing an additional 8,327 shares during the last quarter. Institutional investors own 31.60% of the company's stock.
About Globus Maritime
(
Get Free Report)
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.
See Also
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