Pacific Basin Shipping (OTCMKTS:PCFBY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

by · The Markets Daily

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.59 and traded as high as $10.33. Pacific Basin Shipping shares last traded at $10.33, with a volume of 204 shares.

Pacific Basin Shipping Trading Up 4.1%

The company’s 50-day simple moving average is $9.59 and its 200-day simple moving average is $8.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 1.32.

About Pacific Basin Shipping

(Get Free Report)

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. The company owns, operates and charters vessels that transport dry bulk commodities for customers in global commodity and industrial markets.

Its fleet is focused primarily on Handysize and Supramax/Ultramax vessels, which carry a broad range of major and minor bulk cargoes. These cargoes can include agricultural products, forest products, minerals, metals, cement, coal and other industrial materials.

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