Pacific Basin Shipping Limited (OTCMKTS:PCFBY – Get Rating) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.64 and traded as low as $7.50. Pacific Basin Shipping shares last traded at $7.64, with a volume of 1,891 shares trading hands.

Pacific Basin Shipping Trading Up 11.5 %

The firm has a 50-day moving average of $7.64 and a 200 day moving average of $9.06.

Pacific Basin Shipping Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 8th. Shareholders of record on Wednesday, August 10th were paid a $0.4331 dividend. The ex-dividend date was Tuesday, August 9th. This represents a yield of 29.77%.

About Pacific Basin Shipping

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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