COSCO SHIPPING (OTCMKTS:CICOY) Stock Price Up 3.9% – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report) shares shot up 3.9% during mid-day trading on Tuesday. The stock traded as high as $11.26 and last traded at $11.26. 602 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 9,548 shares. The stock had previously closed at $10.84.

COSCO SHIPPING Price Performance

The stock has a 50 day moving average of $10.57 and a 200 day moving average of $9.77. The company has a quick ratio of 1.36, a current ratio of 1.45 and a debt-to-equity ratio of 0.08.

About COSCO SHIPPING

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COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its container shipping business, the company provides international and domestic ocean freight services for manufactured goods, raw materials and other cargo, serving major trade routes and connecting ports across Asia, Europe, the Americas, Africa and Oceania.

The company also participates in port terminal investment and operations, providing services such as container handling, cargo transfer and related logistics support.

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