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

Globalink Investment Inc. (NASDAQ:GLLI) shares shot up 2% during mid-day trading on Wednesday . The stock traded as high as $12.00 and last traded at $12.00. 4,279 shares were traded during mid-day trading, an increase of 46% from the average session volume of 2,926 shares. The stock had previously closed at $11.77.

Globalink Investment Price Performance

The stock has a market capitalization of $72.12 million and a price-to-earnings ratio of -52.17. The firm’s fifty day moving average is $11.50 and its 200-day moving average is $11.37.

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 position in shares of Globalink Investment Inc. (NASDAQ:GLLI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,134,000. K2 Principal Fund L.P. owned 1.66% of Globalink Investment as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 27.90% of the company’s stock.

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.