COSCO SHIPPING (OTCMKTS:CICOF) Stock Price Down 2.3% – Here’s Why

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF)’s share price dropped 2.3% during trading on Wednesday . The company traded as low as $1.72 and last traded at $1.72. Approximately 1,000 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 7,700 shares. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of COSCO SHIPPING from a “neutral” rating to a “sell” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

COSCO SHIPPING Stock Down 2.3%

The business’s 50-day moving average price is $1.73 and its 200-day moving average price is $1.73.

COSCO SHIPPING Company Profile

COSCO SHIPPING (OTCMKTS:CICOF) is a global integrated shipping enterprise specializing in container liner services, bulk cargo transportation and comprehensive logistics solutions. As one of the world’s leading container carriers, the company operates a modern fleet of container vessels, dry bulk carriers and multipurpose ships. Its core offerings include scheduled liner services across key trade lanes, chartering services, ship management and terminal operations.

The company delivers end-to-end supply chain support through its logistics arm, which provides warehousing, inland transportation, freight forwarding and intermodal container services.