COSCO SHIPPING (OTCMKTS:CICOY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.79 and traded as high as $9.34. COSCO SHIPPING shares last traded at $9.17, with a volume of 7,001 shares traded.

Wall Street Analysts Forecast Growth

CICOY has been the subject of a number of recent research reports. 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 COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, COSCO SHIPPING presently has an average rating of “Reduce”.

COSCO SHIPPING Stock Up 2.1%

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 stock has a fifty day simple moving average of $8.79 and a 200-day simple moving average of $8.71.

COSCO SHIPPING Company Profile

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.