COSCO SHIPPING (OTCMKTS:CICOY) Sees Unusually-High Trading Volume – What’s Next?

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) saw an uptick in trading volume on Friday . 38,366 shares traded hands during mid-day trading, an increase of 377% from the previous session’s volume of 8,045 shares.The stock last traded at $9.04 and had previously closed at $8.83.

Analysts Set New Price Targets

Separately, Zacks Research lowered COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, COSCO SHIPPING currently has a consensus rating of “Reduce”.

COSCO SHIPPING Price Performance

The company’s 50-day moving average price is $8.37 and its 200-day moving average price is $8.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 1.56.

COSCO SHIPPING Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 10th. Investors of record on Thursday, September 25th will be paid a dividend of $0.2832 per share. The ex-dividend date is Wednesday, September 24th. This represents a yield of 1,282.0%.

COSCO SHIPPING Company Profile

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.