Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Down 15.1% - Time to Sell?

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) dropped 15.1% during trading on Tuesday . The stock traded as low as $5.01 and last traded at $5.01. Approximately 2,608 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 6,552 shares. The stock had previously closed at $5.90.

Pacific Basin Shipping Price Performance

The company has a 50 day moving average of $4.78 and a 200 day moving average of $4.48. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.10.

Pacific Basin Shipping Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This is an increase from Pacific Basin Shipping's previous dividend of $0.09. This represents a dividend yield of 4.21%.

Pacific Basin Shipping Company Profile

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.