Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Passes Above Fifty Day Moving Average – Here’s Why

Pacific Basin Shipping Limited (OTCMKTS:PCFBYGet Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.33 and traded as high as $4.72. Pacific Basin Shipping shares last traded at $4.53, with a volume of 789 shares changing hands.

Pacific Basin Shipping Stock Performance

The firm’s fifty day moving average is $4.34 and its 200-day moving average is $4.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29.

Pacific Basin Shipping Company Profile

(Get Free Report)

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.

Further Reading

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