Shares of Globalink Investment Inc. (NASDAQ:GLLI - Get Free Report) rose 2% during mid-day trading on Wednesday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 4,279 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 2,926 shares. The stock had previously closed at $11.77.
Globalink Investment Stock Performance
The stock has a market cap of $72.10 million and a P/E ratio of -52.17. The business has a 50 day simple moving average of $11.49 and a 200-day simple moving average of $11.37.
Hedge Funds Weigh In On Globalink Investment
A hedge fund recently bought a new stake in Globalink Investment stock. K2 Principal Fund L.P. acquired a new stake in Globalink Investment Inc. (NASDAQ:GLLI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $1,134,000. K2 Principal Fund L.P. owned about 1.66% of Globalink Investment at the end of the most recent quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.
Globalink Investment Company Profile
(
Get Free Report)
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.
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