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

Pacific Basin Shipping logo with Transportation background

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $5.32, but opened at $4.76. Pacific Basin Shipping shares last traded at $4.76, with a volume of 105 shares changing hands.

Pacific Basin Shipping Stock Performance

The business has a fifty day moving average price of $5.01 and a 200 day moving average price of $4.52. 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. Investors of record on Wednesday, May 7th were issued a dividend of $0.105 per share. This represents a yield of 4.21%. The ex-dividend date was Tuesday, May 6th. This is a positive change from Pacific Basin Shipping's previous dividend of $0.09.

About Pacific Basin Shipping

(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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