COSCO SHIPPING (OTCMKTS:CICOY) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.00 and traded as low as $7.68. COSCO SHIPPING shares last traded at $7.74, with a volume of 5,360 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on CICOY. Citigroup downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 24th. Zacks Research downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, COSCO SHIPPING currently has a consensus rating of “Reduce”.

COSCO SHIPPING Price Performance

The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $9.00 and its 200 day simple moving average is $8.47.

COSCO SHIPPING Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 10th. Shareholders of record on Thursday, September 25th will be issued a $0.2832 dividend. The ex-dividend date is Wednesday, September 24th. This represents a yield of 1,282.0%.

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.