Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Down - Should You Sell?

Key Points

• Pacific Basin Shipping shares experienced a significant drop, opening at $5.88 after closing at $6.20, with a trading volume of 500 shares.
• The company has a debt-to-equity ratio of 0.06 and a current ratio of 1.48, indicating strong financial health.
• Pacific Basin Shipping recently announced a dividend payment of $0.0326 per share, reflecting a substantial dividend yield of 228.0%.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - ) gapped down prior to trading on Wednesday . The stock had previously closed at $6.20, but opened at $5.88. Pacific Basin Shipping shares last traded at $5.88, with a volume of 500 shares changing hands.

Pacific Basin Shipping Stock Performance

The company's fifty day moving average is $5.71 and its 200 day moving average is $5.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.18.

Pacific Basin Shipping Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 25th were paid a dividend of $0.0326 per share. The ex-dividend date was Friday, August 22nd. This represents a dividend yield of 228.0%.

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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