Could Globus Maritime Ltd. (NASDAQ:GLBS) be bad news?

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Globus Maritime Limited (NASDAQ:GLBS) stock had a weekly Volatility of 20.97% and a monthly volatility of 19.01%. Globus Maritime Limited GLBS shares float stands at 2.22M.

The Barchart Technical Opinion rating is a 88% Sell with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

Recently, Globus Maritime Limited (NASDAQ:GLBS) announced that that in April of 2017, it reached amicable agreements with DVB Bank and HSH Nordbank AG on certain amendments and waivers to the terms of the original agreements dated on June 20, 2011 and February 27, 2015, respectively. By these agreements the Company was able among other things to receive waivers and relaxations on its loan covenants as well as defer instalment loan payments due in 2017. Final documents have not yet been executed. Management Commentary.

Globus Maritime Limited quarterly Return on Assets is -9.80%, quarterly Return on Equity was -39.10% while quarterly Return on Investments was -8.40%.

Gross Margin during the quarter was -10.40%. Net Profit Margin was -% and operating margin was -80.40%. Current ratio was 0.10 while quick ratio was 0.10.

The company’s Total Debt/Equity stood at 3.15 while Long Term Debt/Equity was 2.02.

The company’s stock 50-Day High is $-79.22% and a 50-Day Low of $33.06%. 20-Day Simple Moving Average was $-28.25% while 50-Day Simple Moving Average was $-57.71%.

The company announced EPS of $-3.79. This represents an EPS growth quarter over quarter of 95.10%. EPS for the whole years was $70.50%. For the last five years, the stock has reported an average EPS growth of -26.10%.

The company’s monthly average volume for the quarter was 717.65K and 717.65K for the full financial year. The relative volume was 2.74 for the quarter and 2.74 for the full financial year.

The stock’s 50-Day High during the quarter was $-79.22% while the 50-Day Low was $33.06%. In the last financial year, the stock has a 52-Week High of $-93.01% and a 52-Week Low of $47.32%.

The company’s Insider Ownership was – and Institutional Ownership was 6.40%. Total Institutional Transactions amounted to 5.61%. Sales growth quarter over quarter was -18.80%.

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