Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $10.00, but opened at $9.0950. Pacific Basin Shipping shares last traded at $9.0950, with a volume of 156 shares changing hands.
Pacific Basin Shipping Stock Down 9.2%
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 stock has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $8.67.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. It owns, leases and operates a fleet of dry bulk vessels, with a focus on Handysize and Supramax vessels that transport a broad range of commodities.
The company provides seaborne transportation services for cargoes such as agricultural products, forest products, minerals, metals, coal and other minor bulk materials. Its vessels serve customers including commodity producers, traders and industrial companies, with voyages covering major global shipping routes.
Founded in 1987, Pacific Basin has developed an international operating network supported by offices and commercial activities in key maritime and commodity-trading centers.
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