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
(
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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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