COSCO SHIPPING (OTCMKTS:CICOY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.07 and traded as low as $8.81. COSCO SHIPPING shares last traded at $8.81, with a volume of 7,705 shares changing hands.

Wall Street Analysts Forecast Growth

CICOY has been the topic of a number of recent analyst reports. Citigroup lowered shares of COSCO SHIPPING from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 24th. Zacks Research downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, COSCO SHIPPING currently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Performance

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 company’s 50 day simple moving average is $9.07 and its 200 day simple moving average is $8.33.

COSCO SHIPPING Company Profile

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.