Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Pacific Basin Shipping Limited (OTCMKTS:PCFBYGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.33 and traded as high as $4.72. Pacific Basin Shipping shares last traded at $4.53, with a volume of 789 shares changing hands.

Pacific Basin Shipping Price Performance

The business has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $4.79. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.13.

Pacific Basin Shipping Company Profile

(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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