Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) shares dropped 4.4% on Wednesday . The company traded as low as $4.76 and last traded at $4.76. Approximately 4,121 shares were traded during 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 Stock Performance
The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.26 and a current ratio of 1.62. The business's 50 day moving average is $4.97 and its two-hundred day moving average is $4.51.
Pacific Basin Shipping Increases Dividend
The company also recently announced a dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were paid a dividend of $0.105 per share. This is a boost from Pacific Basin Shipping's previous dividend of $0.09. The ex-dividend date was Tuesday, May 6th. This represents a dividend yield of 4.21%.
About Pacific Basin Shipping
(
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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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