ValuEngine Downgrades PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) to Sell

ValuEngine cut shares of PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of PAC BASIN SHIPP/ADR from a sell rating to a hold rating in a report on Saturday, September 7th.

PCFBY stock opened at $4.28 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.37 and a quick ratio of 1.14. PAC BASIN SHIPP/ADR has a 12 month low of $3.59 and a 12 month high of $4.71. The company’s 50-day moving average price is $4.21 and its two-hundred day moving average price is $4.07.


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.

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