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Pacific Basin Shipping (OTCMKTS:PCFBY) Share Price Passes Above 50 Day Moving Average - Here's Why

Pacific Basin Shipping logo with Transportation background

Key Points

  • Pacific Basin Shipping stock has crossed above its fifty-day moving average, reaching a price of $5.75, with a trading volume of 171 shares.
  • The company announced a dividend payment of $0.0326, representing a notable yield of 228.0%, scheduled for September 19th.
  • Pacific Basin Shipping has a low debt-to-equity ratio of 0.10 and a current ratio of 1.62, indicating strong liquidity.
  • Interested in Pacific Basin Shipping? Here are five stocks we like better.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.44 and traded as high as $5.75. Pacific Basin Shipping shares last traded at $5.75, with a volume of 171 shares trading hands.

Pacific Basin Shipping Price Performance

The business has a 50 day moving average of $5.47 and a 200-day moving average of $4.93. 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 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 25th will be given a dividend of $0.0326 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 228.0%.

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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