COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Up – Here’s What Happened

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.54, but opened at $8.95. COSCO SHIPPING shares last traded at $8.70, with a volume of 410 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group upgraded COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a 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 report 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’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

COSCO SHIPPING Trading Up 3.2%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.56 and a quick ratio of 1.50. The business has a fifty day moving average price of $8.78 and a 200 day moving average price of $8.75.

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.