COSCO SHIPPING (OTCMKTS:CICOF) Shares Up 4% – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) shares shot up 4% on Thursday . The stock traded as high as $1.80 and last traded at $1.80. 475 shares were traded during mid-day trading, a decline of 89% from the average session volume of 4,444 shares. The stock had previously closed at $1.73.

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 report on Thursday, December 18th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, COSCO SHIPPING presently has a consensus rating of “Sell”.

COSCO SHIPPING Trading Up 4.0%

The stock has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $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.