Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Crosses Above 50-Day Moving Average - Time to Sell?

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.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - )'s stock price crossed 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 traded.

Pacific Basin Shipping Trading Up 5.6%

The stock's 50 day simple moving average is $5.16 and its 200-day simple moving average is $4.61. 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 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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