COSCO SHIPPING (OTCMKTS:CICOF) Trading 4% Higher – Here’s Why

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of COSCO SHIPPING from a “neutral” rating to a “sell” rating in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, COSCO SHIPPING presently has a consensus rating of “Sell”.

COSCO SHIPPING Price Performance

The stock’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.