PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) from a sell rating to a hold rating in a report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised PAC BASIN SHIPP/ADR from a hold rating to a buy rating and set a $4.75 target price on the stock in a research report on Friday, October 18th.

OTCMKTS PCFBY opened at $3.96 on Tuesday. PAC BASIN SHIPP/ADR has a 12-month low of $3.59 and a 12-month high of $4.51. The company has a fifty day simple moving average of $4.29 and a two-hundred day simple moving average of $4.06. The stock has a market cap of $940.52 million, a P/E ratio of 12.39 and a beta of -0.13.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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