Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Down – Here’s What Happened
by Danessa Lincoln · The Markets DailyPacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.09, but opened at $6.80. Pacific Basin Shipping shares last traded at $6.80, with a volume of 400 shares trading hands.
Pacific Basin Shipping Stock Up 9.9%
The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.18 and a current ratio of 1.48. The business has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $6.15.
Pacific Basin Shipping Company Profile
Pacific Basin Shipping Limited is a Hong Kong‐based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end‐users around the world.
Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.