Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.56 and traded as low as $7.27. Pacific Basin Shipping shares last traded at $7.27, with a volume of 223 shares changing hands.

Pacific Basin Shipping Stock Down 5.0%

The company’s 50-day moving average is $7.75 and its 200-day moving average is $7.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.32 and a current ratio of 1.63.

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.