COSCO SHIPPING (OTCMKTS:CICOY) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.76 and traded as high as $8.79. COSCO SHIPPING shares last traded at $8.79, with a volume of 234 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group downgraded COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. UBS Group upgraded shares of COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, COSCO SHIPPING presently has a consensus rating of “Reduce”.

COSCO SHIPPING Trading Up 1.3%

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 firm has a 50-day moving average of $8.76 and a 200 day moving average of $8.72.

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.