Separately, Zacks Investment Research raised shares of PAC BASIN SHIPP/ADR from a “sell” rating to a “hold” rating in a report on Saturday, September 7th.
Shares of PAC BASIN SHIPP/ADR stock opened at $4.28 on Tuesday. The stock has a market capitalization of $950.63 million, a P/E ratio of 13.38 and a beta of -0.14. The company has a quick ratio of 1.14, a current ratio of 1.37 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $4.21 and a 200 day simple moving average of $4.07. PAC BASIN SHIPP/ADR has a 12-month low of $3.59 and a 12-month high of $4.71.
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. As of February 28, 2019, the company had a fleet of 217 ships, including 132 Handysize vessels, 83 Supramax vessels, and 2 Post Panamax vessels. It also offers ocean shipping services, shipping consulting and ship agency, crewing, secretarial, and agency and ship management services, as well as issues convertible bonds.
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