Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $9.84 and traded as low as $9.72. Pacific Basin Shipping shares last traded at $9.72, with a volume of 650 shares.
Pacific Basin Shipping Stock Performance
The company has a quick ratio of 1.33, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $9.85 and its two-hundred day simple moving average is $8.49.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, operates and charters vessels used to transport raw materials and other dry bulk commodities internationally. The company focuses primarily on the handysize and supramax/ultramax segments, which are suited to serving a broad range of ports and trade routes.
Its vessels carry a variety of minor bulk cargoes, including agricultural products, grains, forest products, steel products, cement, fertilizers, minerals and other industrial materials.
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