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COSCO SHIPPING (OTCMKTS:CICOY) Sees Strong Trading Volume - Should You Buy?

COSCO SHIPPING logo with Transportation background

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 20,950 shares traded hands during trading, an increase of 168% from the previous session's volume of 7,825 shares.The stock last traded at $8.97 and had previously closed at $8.81.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th.

View Our Latest Report on COSCO SHIPPING

COSCO SHIPPING Trading Up 0.5%

The business's 50 day moving average is $8.81 and its two-hundred day moving average is $7.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.63.

COSCO SHIPPING Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, July 14th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.5456 per share. This is a boost from COSCO SHIPPING's previous dividend of $0.28. This represents a yield of 8.88%. The ex-dividend date was Monday, June 2nd.

COSCO SHIPPING Company Profile

(Get Free Report)

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.

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Should You Invest $1,000 in COSCO SHIPPING Right Now?

Before you consider COSCO SHIPPING, you'll want to hear this.

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While COSCO SHIPPING currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

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