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Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Crosses Above Fifty Day Moving Average - Here's Why

Pacific Basin Shipping logo with Transportation background

Key Points

  • Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) stock crossed above its 50-day moving average, reaching a high of $5.64 during trading.
  • The current trading price of Pacific Basin Shipping is $5.56, with a debt-to-equity ratio of 0.10 and current ratio of 1.62.
  • Pacific Basin Shipping specializes in dry bulk shipping services, transporting a variety of materials including grains, ores, and cement globally.
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Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.25 and traded as high as $5.64. Pacific Basin Shipping shares last traded at $5.56, with a volume of 2,360 shares changing hands.

Pacific Basin Shipping Stock Down 8.8%

The stock's fifty day moving average is $5.26 and its 200-day moving average is $4.70. 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

(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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