COSCO SHIPPING (OTCMKTS:CICOY) Shares Down 5.1% – Here’s Why

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOYGet Free Report) shares traded down 5.1% during trading on Thursday . The company traded as low as $9.30 and last traded at $9.30. 3,187 shares traded hands during trading, a decline of 69% from the average session volume of 10,286 shares. The stock had previously closed at $9.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised COSCO SHIPPING to a “hold” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Get Our Latest Stock Report on COSCO SHIPPING

COSCO SHIPPING Trading Down 2.6%

The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $9.58 and its 200 day moving average is $9.20.

About COSCO SHIPPING

(Get Free Report)

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.

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