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

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) gapped up prior to trading on Friday . The stock had previously closed at $8.9450, but opened at $9.4350. COSCO SHIPPING shares last traded at $9.44, with a volume of 1,020 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of COSCO SHIPPING to a “hold” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Up 5.8%

The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average price is $9.53 and its 200-day moving average price is $9.21.

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.