Pacific Basin Shipping (OTCMKTS:PCFBY) Hits New 52-Week Low – Here’s Why

Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBYGet Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $4.20 and last traded at $4.79, with a volume of 1760 shares. The stock had previously closed at $4.70.

Pacific Basin Shipping Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $5.11 and its 200 day moving average price is $5.56.

About Pacific Basin Shipping

(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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