Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Pacific Basin Shipping Limited (OTCMKTS:PCFBYGet Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.44 and traded as low as $5.40. Pacific Basin Shipping shares last traded at $5.40, with a volume of 145 shares trading hands.

Pacific Basin Shipping Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29. The stock’s 50-day moving average is $5.45 and its 200-day moving average is $6.09.

Pacific Basin Shipping Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 23rd were issued a $0.0926 dividend. This represents a yield of 4.15%. The ex-dividend date of this dividend was Thursday, August 22nd.

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.

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