Globalink Investment (NASDAQ:GLLI) Shares Down 7.5% - What's Next?

Globalink Investment Inc. (NASDAQ:GLLI - Get Free Report)'s stock price traded down 7.5% during mid-day trading on Thursday . The stock traded as low as $11.10 and last traded at $11.10. 924 shares traded hands during trading, a decline of 53% from the average session volume of 1,985 shares. The stock had previously closed at $12.00.

Globalink Investment Stock Performance

The firm has a market capitalization of $72.10 million and a PE ratio of -52.17. The firm's 50-day moving average is $11.78 and its 200 day moving average is $11.50.

Institutional Trading of Globalink Investment

An institutional investor recently bought a new position in Globalink Investment stock. K2 Principal Fund L.P. bought a new stake in Globalink Investment Inc. (NASDAQ:GLLI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,134,000. K2 Principal Fund L.P. owned approximately 1.66% of Globalink Investment as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.90% of the company's stock.

About Globalink Investment

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire businesses in the medical technology and green energy sectors in North America, Europe, Southeast Asia, and Asia excluding China, Hong Kong, and Macau.