COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Down - Should You Sell?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.67, but opened at $8.46. COSCO SHIPPING shares last traded at $8.46, with a volume of 101 shares.

Analysts Set New Price Targets

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

COSCO SHIPPING Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.63 and a current ratio of 1.68. The firm's 50-day simple moving average is $8.55 and its 200 day simple moving average is $7.91.

COSCO SHIPPING Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 14th. Investors of record on Tuesday, June 3rd will be paid a $0.5456 dividend. This is an increase from COSCO SHIPPING's previous dividend of $0.28. This represents a yield of 8.88%. The ex-dividend date is Monday, June 2nd.

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.