COSCO SHIPPING (OTCMKTS:CICOY) Sees Large Volume Increase – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares saw unusually-strong trading volume on Monday . Approximately 28,505 shares changed hands during mid-day trading, an increase of 361% from the previous session’s volume of 6,186 shares.The stock last traded at $8.55 and had previously closed at $8.73.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group raised COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. The Goldman Sachs Group cut 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’s stock. Based on data from MarketBeat, COSCO SHIPPING presently has an average rating of “Reduce”.

COSCO SHIPPING Trading Up 1.0%

The stock has a fifty day moving average of $8.75 and a two-hundred day moving average of $8.75. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11.

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.