COSCO SHIPPING (OTCMKTS:CICOY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) saw an uptick in trading volume on Tuesday . 7,206 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 6,088 shares.The stock last traded at $8.85 and had previously closed at $8.9350.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group upgraded shares of COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. The Goldman Sachs Group downgraded COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

COSCO SHIPPING Stock Down 1.0%

The business’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $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.

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.