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

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $10.84, but opened at $11.30. COSCO SHIPPING shares last traded at $11.30, with a volume of 291 shares traded.

COSCO SHIPPING Stock Up 2.5%

The firm has a 50 day moving average of $10.54 and a 200 day moving average of $9.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.45.

COSCO SHIPPING Company Profile

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COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its container shipping business, the company provides international and domestic ocean freight services for manufactured goods, raw materials and other cargo, serving major trade routes and connecting ports across Asia, Europe, the Americas, Africa and Oceania.

The company also participates in port terminal investment and operations, providing services such as container handling, cargo transfer and related logistics support.

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