Globus Maritime Limited (NASDAQ:GLBS – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.92 and traded as high as $3.09. Globus Maritime shares last traded at $3.05, with a volume of 673,571 shares.
Wall Street Analysts Forecast Growth
GLBS has been the subject of a number of research reports. Weiss Ratings raised Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, June 12th. Maxim Group boosted their price objective on Globus Maritime from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.
Check Out Our Latest Analysis on GLBS
Globus Maritime Stock Performance
Globus Maritime (NASDAQ:GLBS – Get Free Report) last released its earnings results on Thursday, June 11th. The shipping company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.10. The business had revenue of $12.25 million for the quarter, compared to the consensus estimate of $10.40 million. Globus Maritime had a net margin of 1.72% and a return on equity of 0.47%.
Institutional Investors Weigh In On Globus Maritime
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in Globus Maritime during the first quarter valued at $37,000. XTX Topco Ltd boosted its position in Globus Maritime by 64.6% during the 4th quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock worth $37,000 after acquiring an additional 8,327 shares during the period. Jane Street Group LLC acquired a new stake in Globus Maritime during the 4th quarter worth about $58,000. Finally, Renaissance Technologies LLC purchased a new position in Globus Maritime during the 4th quarter valued at about $127,000. Institutional investors and hedge funds own 31.60% of the company’s stock.
Globus Maritime Company Profile
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.
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