Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) dropped 10.5% during trading on Tuesday . The company traded as low as $7.00 and last traded at $7.00. Approximately 342 shares changed hands during trading, a decline of 80% from the average daily volume of 1,706 shares. The stock had previously closed at $7.82.
Pacific Basin Shipping Price Performance
The company has a fifty day moving average of $7.89 and a two-hundred day moving average of $7.41. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.04.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong‐based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end‐users around the world.
Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.
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