Globalink Investment (NASDAQ:GLLI) Shares Up 2% – Still a Buy?

Globalink Investment Inc. (NASDAQ:GLLI)’s share price rose 2% during trading on Wednesday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 4,279 shares traded hands during 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 Up 2.0 %

The firm’s 50-day moving average price is $11.50 and its 200 day moving average price is $11.37. The firm has a market cap of $72.12 million and a P/E ratio of -52.17.

Hedge Funds Weigh In On Globalink Investment

An institutional investor recently bought a new position in Globalink Investment stock. K2 Principal Fund L.P. acquired a new stake in shares of Globalink Investment Inc. (NASDAQ:GLLI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Globalink Investment Company Profile

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.