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Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Passes Above 50 Day Moving Average - What's Next?

Pacific Basin Shipping logo with Transportation background

Key Points

  • Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw its stock price rise to $5.63, surpassing its 50-day moving average of $5.16 during trading on Thursday.
  • The company has a strong liquidity position with a current ratio of 1.62 and a debt-to-equity ratio of 0.10, indicating low leverage.
  • Pacific Basin Shipping provides dry bulk shipping services for various goods, including grains, ores, and fertilizers, on a global scale.
  • Want stock alerts on Pacific Basin Shipping? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.16 and traded as high as $5.63. Pacific Basin Shipping shares last traded at $5.63, with a volume of 901 shares trading hands.

Pacific Basin Shipping Price Performance

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 stock has a 50 day simple moving average of $5.18 and a 200 day simple moving average of $4.64.

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.

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