COSCO SHIPPING (OTCMKTS:CICOY) Shares Up 9.3% – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY)’s share price rose 9.3% during mid-day trading on Monday. The stock traded as high as $11.43 and last traded at $11.40. 2,674 shares were traded during trading, a decline of 71% from the average session volume of 9,156 shares. The stock had previously closed at $10.4320.

COSCO SHIPPING Trading Up 9.7%

The firm has a fifty day moving average of $10.74 and a 200-day moving average of $9.71. 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

COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its subsidiaries, the company provides ocean transportation for containerized cargo, including manufactured goods, consumer products, industrial materials and other international freight.

The company also participates in the development, operation and management of container terminals in major global ports. Its broader services include supply-chain and logistics solutions, equipment and container-related services, and other activities that support the movement of cargo through international trade routes.

COSCO SHIPPING Holdings is part of China COSCO Shipping Corporation Limited and traces its corporate development to the restructuring of China’s state-owned shipping businesses.