COSCO SHIPPING (OTCMKTS:CICOY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.28 and traded as low as $8.35. COSCO SHIPPING shares last traded at $8.3875, with a volume of 1,788 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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 one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Down 1.6%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 1.51. The stock’s 50 day moving average is $9.28 and its two-hundred day moving average is $9.22.

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.