COSCO SHIPPING (OTCMKTS:CICOY) Sees Large Volume Increase – What’s Next?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) saw unusually-high trading volume on Wednesday . Approximately 10,000 shares traded 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

CICOY has been the subject of several recent research reports. UBS Group upgraded shares of COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

COSCO SHIPPING Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 1.56. The company’s 50-day moving average price is $8.80 and its 200 day moving average price is $8.75.

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.