Shares of Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $6.94 and last traded at $6.94, with a volume of 276 shares. The stock had previously closed at $6.77.
Pacific Basin Shipping Trading Up 2.5%
The stock’s 50 day moving average is $6.57 and its 200-day moving average is $5.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.18 and a current ratio of 1.48.
Pacific Basin Shipping Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 25th were given a dividend of $0.0326 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a yield of 228.0%.
About Pacific Basin Shipping
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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