COSCO SHIPPING (CICOY) Expected to Announce Earnings on Thursday

COSCO SHIPPING (OTCMKTS:CICOY) is expected to be posting its resultson Thursday, March 19th. Analysts expect COSCO SHIPPING to post earnings of $0.7240 per share and revenue of $15.3162 billion for the quarter.

COSCO SHIPPING Price Performance

Shares of CICOY stock opened at $10.10 on Tuesday. COSCO SHIPPING has a 1-year low of $6.28 and a 1-year high of $10.51. The firm’s 50-day simple moving average is $9.10 and its 200-day simple moving average is $8.76. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

Separately, 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 investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.