Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Down - Here's What Happened

Key Points

• Pacific Basin Shipping's shares gapped down to $5.03 from a previous close of $5.52, indicating a decline of 8.8% before trading on Tuesday.
• The company's debt-to-equity ratio stands at a low 0.10, with a current ratio of 1.62 and a quick ratio of 1.26, suggesting strong liquidity.
• Pacific Basin Shipping Ltd. engages in dry bulk shipping services worldwide, transporting various commodities including grains, ores, and fertilizers.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - ) gapped down prior to trading on Tuesday . The stock had previously closed at $5.52, but opened at $5.03. Pacific Basin Shipping shares last traded at $5.03, with a volume of 1,000 shares changing hands.

Pacific Basin Shipping Stock Down 8.8%

The stock's 50-day moving average price is $5.26 and its 200 day moving average price is $4.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 1.26.

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.

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