COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Up – What’s Next?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares gapped up before the market opened on Friday . The stock had previously closed at $7.79, but opened at $8.14. COSCO SHIPPING shares last traded at $8.14, with a volume of 105 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Citigroup downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Performance

The business’s 50-day moving average price is $8.71 and its 200 day moving average price is $8.47.

COSCO SHIPPING Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 10th. Stockholders of record on Thursday, September 25th will be given a dividend of $0.2832 per share. This represents a dividend yield of 1,282.0%. The ex-dividend date of this dividend is Wednesday, September 24th.

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.