Shares of Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $5.01, but opened at $5.27. Pacific Basin Shipping shares last traded at $5.14, with a volume of 794 shares.
Pacific Basin Shipping Stock Up 2.6%
The firm has a fifty day moving average of $4.91 and a two-hundred day moving average of $4.49. 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 firm also recently declared a dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were given a $0.105 dividend. The ex-dividend date was Tuesday, May 6th. This represents a dividend yield of 4.21%. This is a positive change from Pacific Basin Shipping's previous dividend of $0.09.
Pacific Basin Shipping Company Profile
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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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