Pacific Basin Shipping (OTCMKTS:PCFBY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.
According to Zacks, “Pacific Basin Shipping Limited provides marine transportation services and logistical support to its customers through the commercial operation of a large, modern and uniformly-sized fleet of shallow-draft Handysize dry bulk carriers. Pacific Basin Shipping Limited is based in Wong Chuk Hang, Hong Kong. “
Shares of PCFBY opened at $9.55 on Friday. The stock has a 50 day moving average price of $10.64 and a 200 day moving average price of $9.00. Pacific Basin Shipping has a one year low of $6.61 and a one year high of $12.53.
Pacific Basin Shipping Company Profile (Get Rating)
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. 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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