COSCO SHIPPING (OTCMKTS:CICOY) Sees Strong Trading Volume – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares saw unusually-high trading volume on Monday . Approximately 28,505 shares changed hands during trading, an increase of 361% from the previous session’s volume of 6,186 shares.The stock last traded at $8.55 and had previously closed at $8.73.

Analyst Ratings Changes

Several research firms recently commented on CICOY. The Goldman Sachs Group downgraded COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. UBS Group upgraded shares of 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 two have issued a Sell rating to the company. According to data from MarketBeat, COSCO SHIPPING currently has an average rating of “Reduce”.

COSCO SHIPPING Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 1.56. The firm’s 50 day moving average price is $8.75 and its two-hundred day moving average price is $8.75.

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.