COSCO SHIPPING (OTCMKTS:CICOY) Sees Large Volume Increase – Here’s What Happened

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares saw unusually-strong trading volume on Monday . Approximately 16,096 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 5,780 shares.The stock last traded at $9.23 and had previously closed at $9.17.

Analyst Ratings Changes

CICOY has been the topic of several 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 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

COSCO SHIPPING Stock Performance

The firm’s 50-day simple moving average is $8.79 and its two-hundred day simple moving average is $8.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 1.56.

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.