COSCO SHIPPING (OTCMKTS:CICOY) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

Key Points

• COSCO SHIPPING shares fell below their 50-day moving average of $9.07, trading as low as $8.81 during the recent session.
• Analyst sentiment has turned negative, with Citigroup downgrading the stock from "strong-buy" to "strong sell", and Zacks downgrading it to "hold".
• The stock currently has a consensus rating of "Reduce" from market analysts, reflecting a cautious outlook on its performance.

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.07 and traded as low as $8.81. COSCO SHIPPING shares last traded at $8.81, with a volume of 7,705 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CICOY. Zacks Research lowered COSCO SHIPPING from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Citigroup lowered COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

COSCO SHIPPING Trading Up 3.5%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.63. The company has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $8.35.

About COSCO SHIPPING

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.