COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Down – Here’s Why

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) gapped down prior to trading on Tuesday . The stock had previously closed at $8.70, but opened at $8.26. COSCO SHIPPING shares last traded at $8.6750, with a volume of 1,731 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, COSCO SHIPPING currently has an average rating of “Reduce”.

COSCO SHIPPING Price Performance

The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $8.59 and its two-hundred day simple moving average is $8.73.

About COSCO SHIPPING

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.