COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Down – Here’s What Happened

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares gapped down before the market opened on Friday . The stock had previously closed at $9.75, but opened at $9.33. COSCO SHIPPING shares last traded at $9.33, with a volume of 3,840 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded COSCO SHIPPING to a “hold” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Down 2.6%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 1.51. The stock has a 50-day moving average price of $9.64 and a 200-day moving average price of $9.18.

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.