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 $8.70, but opened at $9.24. COSCO SHIPPING shares last traded at $9.24, with a volume of 355 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of COSCO SHIPPING from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 24th.

COSCO SHIPPING Stock Up 0.5%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.63 and a current ratio of 1.68. The business’s 50 day moving average is $8.81 and its two-hundred day moving average is $7.97.

COSCO SHIPPING Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 14th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.5456 per share. This is a boost from COSCO SHIPPING’s previous dividend of $0.28. This represents a dividend yield of 8.88%. The ex-dividend date was Monday, June 2nd.

About COSCO SHIPPING

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.