Zacks Investment Research upgraded shares of Pac BASIN SHIPP/ADR (OTCMKTS:PCFBY) from a sell rating to a hold rating in a research report sent to investors on Wednesday, September 12th.
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. “
Separately, ValuEngine downgraded shares of Pac BASIN SHIPP/ADR from a hold rating to a sell rating in a research note on Friday, September 7th.
PCFBY remained flat at $$4.19 during trading on Wednesday. The firm has a market capitalization of $930.66 million, a PE ratio of 209.50 and a beta of 0.08. Pac BASIN SHIPP/ADR has a 52 week low of $4.26 and a 52 week high of $5.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.55 and a current ratio of 1.89.
About Pac BASIN SHIPP/ADR
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. The company has a fleet of 222 ships, including 139 Handysize vessels, 81 Supramax vessels, and 2 Post Panamax vessels. It also offers ship and ocean shipping services, shipping consulting and ship agency, crewing, secretarial, and agency and ship management services.
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