COSCO SHIPPING (OTCMKTS:CICOY) Sees Strong Trading Volume – Should You Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares saw an uptick in trading volume on Friday . 18,873 shares were traded during trading, an increase of 137% from the previous session’s volume of 7,977 shares.The stock last traded at $8.33 and had previously closed at $8.28.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, COSCO SHIPPING presently has a consensus rating of “Reduce”.

COSCO SHIPPING Price Performance

The business has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $8.52.

COSCO SHIPPING Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 10th. Shareholders of record on Thursday, September 25th will be given a $0.2832 dividend. This represents a yield of 1,282.0%. The ex-dividend date is Wednesday, September 24th.

COSCO SHIPPING Company Profile

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.