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