COSCO SHIPPING (OTCMKTS:CICOY) Sets New 1-Year High – Here’s Why

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.60 and last traded at $10.5688, with a volume of 2846 shares trading hands. The stock had previously closed at $10.3950.

COSCO SHIPPING Trading Up 1.2%

The company’s 50 day moving average price is $9.33 and its 200 day moving average price is $9.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 1.51.

Institutional Trading of COSCO SHIPPING

A hedge fund recently bought a new position in COSCO SHIPPING stock. Pinnacle Holdings LLC purchased a new position in shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,100 shares of the company’s stock, valued at approximately $77,000.

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.