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Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Cross Above 50-Day Moving Average - Here's Why

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Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.28 and traded as high as $4.42. Pacific Basin Shipping shares last traded at $4.42, with a volume of 316 shares.

Pacific Basin Shipping Stock Down 0.7 %

The stock has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29.

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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