Pacific Basin Shipping (OTCMKTS:PCFBY) Reaches New 1-Year Low – What’s Next?

Pacific Basin Shipping Limited (OTCMKTS:PCFBYGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.50 and last traded at $4.92, with a volume of 5671 shares traded. The stock had previously closed at $4.97.

Pacific Basin Shipping Price 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 business’s fifty day simple moving average is $5.51 and its 200 day simple moving average is $5.89.

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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