Pacific Basin Shipping (OTCMKTS:PCFBY) Hits New 12-Month Low – What’s Next?

Pacific Basin Shipping Limited (OTCMKTS:PCFBYGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $4.20 and last traded at $4.20, with a volume of 3623 shares. The stock had previously closed at $4.34.

Pacific Basin Shipping Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.29 and a current ratio of 1.70. The business’s 50 day moving average price is $5.06 and its 200 day moving average price is $5.48.

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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