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

Pacific Basin Shipping logo with Transportation background

Key Points

  • Pacific Basin Shipping shares gapped down from a previous closing price of $5.70 to an opening price of $5.29, with current trading volume at 1,307 shares.
  • The company recently announced an increase in its dividend from $0.09 to $0.105, offering a dividend yield of 4.21% to stockholders of record.
  • Pacific Basin Shipping operates in dry bulk shipping services, transporting a variety of goods including grains, ores, and cement worldwide.
  • MarketBeat previews the top five stocks to own by September 1st.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.70, but opened at $5.29. Pacific Basin Shipping shares last traded at $5.29, with a volume of 1,307 shares changing hands.

Pacific Basin Shipping Stock Up 5.6%

The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $5.16 and a 200-day simple moving average of $4.61.

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.

Further Reading

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