Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) shares dropped 4.4% during trading on Wednesday . The stock traded as low as $4.76 and last traded at $4.76. Approximately 4,121 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 5,989 shares. The stock had previously closed at $4.98.
Pacific Basin Shipping Trading Down 4.4%
The firm's 50-day moving average is $4.94 and its 200 day moving average is $4.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 1.26.
Pacific Basin Shipping Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a $0.105 dividend. This is a positive change from Pacific Basin Shipping's previous dividend of $0.09. This represents a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, May 6th.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Pacific Basin Shipping, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pacific Basin Shipping wasn't on the list.
While Pacific Basin Shipping currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.