Zacks Investment Research Upgrades PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) to Hold

PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Pacific Basin Shipping Limited is a provider of diversified shipping services primarily engaged in owning and operating dry bulk vessels. The Company operates in three main maritime segments under the banners of Pacific Basin Dry Bulk, PB Energy & Infrastructure Services, and PB RoRo. The dry bulk segment owns and operates handysize and handymax dry bulk vessels providing cargo solutions and a range of freight services. The Company’s PB Towage segment offers services and barge fleet including Harbour Towage, Terminal Support, Project/Module Transportation and Logistics, Bulk Transportation, Offshore Support, Ocean Towing and Salvage Support. RoRo fleet is serves the major RoRo trades in Northern Europe, the Mediterranean and elsewhere. Pacific Basin Shipping Limited is headquartered in Central, Hong Kong. “

OTCMKTS PCFBY opened at $4.41 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 1.37. The company has a market capitalization of $979.51 million, a P/E ratio of 13.78 and a beta of -0.20. PAC BASIN SHIPP/ADR has a one year low of $3.59 and a one year high of $5.22. The stock has a 50 day moving average price of $4.19 and a 200-day moving average price of $4.07.

PAC BASIN SHIPP/ADR Company Profile

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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