COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Down – Here’s What Happened
by Sarita Garza · The Markets DailyCOSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $8.8465, but opened at $8.41. COSCO SHIPPING shares last traded at $8.6750, with a volume of 344 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CICOY shares. UBS Group raised shares of COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. The Goldman Sachs Group cut COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.
Check Out Our Latest Research Report on COSCO SHIPPING
COSCO SHIPPING Stock Down 3.8%
The business’s 50-day simple moving average is $8.76 and its 200-day simple moving average is $8.75. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11.
About COSCO SHIPPING
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.