COSCO SHIPPING (OTCMKTS:CICOY) Sets New 1-Year High – Still a Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $11.69 and last traded at $11.69, with a volume of 1,040 shares traded. The stock had previously closed at $11.35.

COSCO SHIPPING Stock Performance

The business has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $9.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 1.36.

About COSCO SHIPPING

COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its subsidiaries, the company provides ocean transportation for containerized cargo, including manufactured goods, consumer products, industrial materials and other international freight.

The company also participates in the development, operation and management of container terminals in major global ports. Its broader services include supply-chain and logistics solutions, equipment and container-related services, and other activities that support the movement of cargo through international trade routes.

COSCO SHIPPING Holdings is part of China COSCO Shipping Corporation Limited and traces its corporate development to the restructuring of China’s state-owned shipping businesses.