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Pacific Basin Shipping (OTCMKTS:PCFBY) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Pacific Basin Shipping logo with Transportation background
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Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBY - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.42 and traded as low as $4.36. Pacific Basin Shipping shares last traded at $4.48, with a volume of 2,887 shares trading hands.

Pacific Basin Shipping Stock Down 7.1 %

The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.13. The firm's 50 day moving average is $4.39 and its 200 day moving average is $5.04.

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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