COSCO SHIPPING (OTCMKTS:CICOY) Sees Strong Trading Volume – What’s Next?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) saw strong trading volume on Wednesday . 10,000 shares changed hands during trading, an increase of 140% from the previous session’s volume of 4,175 shares.The stock last traded at $8.85 and had previously closed at $8.86.

Analyst Ratings Changes

Several brokerages have issued reports on CICOY. 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 shares of COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Performance

The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $8.81 and its 200-day simple moving average is $8.75.

COSCO SHIPPING Company Profile

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.