COSCO SHIPPING (OTCMKTS:CICOY) Trading Up 119.9% – Here’s What Happened
by Scott Moore · The Cerbat GemCOSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report) shares traded up 119.9% on Monday . The stock traded as high as $9.10 and last traded at $19.5244. 320 shares changed hands during trading, a decline of 87% from the average session volume of 2,410 shares. The stock had previously closed at $8.88.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. The Goldman Sachs Group lowered COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. UBS Group raised COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, COSCO SHIPPING presently has an average rating of “Reduce”.
Check Out Our Latest Report on COSCO SHIPPING
COSCO SHIPPING Price Performance
The business has a fifty day moving average of $8.78 and a 200-day moving average of $8.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.56 and a quick ratio of 1.50.
COSCO SHIPPING Company Profile
COSCO SHIPPING (OTCMKTS:CICOY) is the international trading name of a major Chinese state-owned integrated shipping and logistics company. The firm provides ocean transport and related maritime services across a broad range of cargo types, and it operates as part of China’s strategic shipping sector. The company’s activities cover container liner shipping, dry bulk and tanker services, terminal operations, and integrated logistics solutions that support global trade flows.
Core services include scheduled container shipping on major east–west and regional trade lanes, bulk carrier and tanker operations for commodity transport, and ownership or management of port terminals and stevedoring facilities.