Pacific Basin Shipping Limited (OTCMKTS:PCFBY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $7.90 and last traded at $7.90, with a volume of 273 shares trading hands. The stock had previously closed at $7.35.
Separately, Zacks Investment Research lowered Pacific Basin Shipping from a “buy” rating to a “hold” rating in a research report on Wednesday, May 5th.
The firm has a market capitalization of $1.90 billion, a PE ratio of -183.75 and a beta of 0.57. The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $6.73.
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. As of February 29, 2020, the company had a fleet of 235 ships, including 133 Handysize vessels, 117 Supramax vessels, and 2 Post-Panamax vessels. It also offers shipping consulting, ocean shipping, crewing, secretarial, and agency and ship management services; and engages in the vessel owning and chartering, and convertible bonds issuing activities.
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