Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $4.72, but opened at $5.29. Pacific Basin Shipping shares last traded at $5.29, with a volume of 956 shares traded.
Pacific Basin Shipping Stock Performance
The firm's 50-day simple moving average is $4.80 and its two-hundred day simple moving average is $4.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.26 and a current ratio of 1.62.
Pacific Basin Shipping Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.105 per share. This is an increase from Pacific Basin Shipping's previous dividend of $0.09. The ex-dividend date was Tuesday, May 6th. This represents a dividend yield of 4.21%.
About Pacific Basin Shipping
(
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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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