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

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.84, but opened at $9.3390. COSCO SHIPPING shares last traded at $9.3390, with a volume of 1,000 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Down 2.7%

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 firm’s 50 day moving average is $9.31 and its 200-day moving average is $8.83.

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.