PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) Shares Down 4.8%

PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) shares were down 4.8% during trading on Tuesday . The stock traded as low as $3.93 and last traded at $3.93, approximately 101 shares traded hands during trading. An increase of 518% from the average daily volume of 16 shares. The stock had previously closed at $4.13.

Several analysts have commented on PCFBY shares. Zacks Investment Research downgraded PAC BASIN SHIPP/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. ValuEngine raised PAC BASIN SHIPP/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd.

The business has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $4.15. The stock has a market cap of $890.64 million, a price-to-earnings ratio of 12.28 and a beta of -0.16.

About PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY)

Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. As of February 28, 2019, the company had a fleet of 217 ships, including 132 Handysize vessels, 83 Supramax vessels, and 2 Post Panamax vessels. It also offers ocean shipping services, shipping consulting and ship agency, crewing, secretarial, and agency and ship management services, as well as issues convertible bonds.

Further Reading: How are dividend achievers different from dividend aristocrats?

Receive News & Ratings for PAC BASIN SHIPP/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAC BASIN SHIPP/ADR and related companies with MarketBeat.com's FREE daily email newsletter.