Notable Reporting: How Analysts Feel About Globus Maritime Ltd After Making 52-Week High?

Notable Reporting: How Analysts Feel About Globus Maritime Ltd After Making 52 Week High?

The stock of Globus Maritime Ltd (NASDAQ:GLBS) hit a new 52-week high and has $20.66 target or 151.00% above today’s $8.23 share price. The 8 months bullish chart indicates low risk for the $37.02M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $20.66 price target is reached, the company will be worth $55.90M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 889,112 shares traded hands or 995.37% up from the average. Globus Maritime Ltd (NASDAQ:GLBS) has risen 285.94% since April 14, 2016 and is uptrending. It has outperformed by 281.25% the S&P500.

According to Zacks Investment Research, “Globus Maritime Limited is a drybulk shipping company, providing marine transportation services on a worldwide basis. It is a vertically integrated shipping company that 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 worldwide. Globus Maritime Limited is headquartered in Athens, Greece.”

More notable recent Globus Maritime Ltd (NASDAQ:GLBS) news were published by: Reuters.com which released: “BRIEF-Globus Maritime Limited announces reverse stock split” on November 19, 2013, also Marketwired.com with their article: “Globus Maritime Limited Announces Reverse Stock Split” published on October 10, 2016, Marketwired.com published: “Globus Maritime Limited regains Compliance with NASDAQ’s Minimum Closing Bid Price” on November 03, 2016. More interesting news about Globus Maritime Ltd (NASDAQ:GLBS) were released by: Hellenicshippingnews.com and their article: “Globus Maritime Limited Announces Management Change” published on December 28, 2015 as well as Seekingalpha.com‘s news article titled: “Globus Maritime – Eager To Stay Afloat (GLBS)” with publication date: March 30, 2015.

GLBS Company Profile

Globus Maritime Limited, incorporated on November 24, 2010, is an integrated dry bulk shipping company. The Firm provides marine transportation services across the world. The Firm 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 internationally.

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