COSCO SHIPPING (OTCMKTS:CICOY) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Markets Daily

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 25,346 shares changed hands during trading, an increase of 221% from the previous session’s volume of 7,886 shares.The stock last traded at $8.69 and had previously closed at $8.73.

Analyst Upgrades and Downgrades

CICOY has been the subject of a number of research analyst reports. Zacks Research downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. UBS Group upgraded COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, COSCO SHIPPING currently has an average rating of “Reduce”.

Check Out Our Latest Analysis on COSCO SHIPPING

COSCO SHIPPING Trading Up 1.2%

The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average is $8.36 and its two-hundred day moving average is $8.76.

COSCO SHIPPING Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, November 10th. Investors of record on Thursday, September 25th were issued a dividend of $0.2832 per share. This represents a yield of 1,282.0%. The ex-dividend date was Wednesday, September 24th.

About COSCO SHIPPING

(Get Free Report)

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.

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