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

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $8.70, but opened at $8.46. COSCO SHIPPING shares last traded at $8.46, with a volume of 321 shares traded.

Analysts Set New Price Targets

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

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 business's fifty day moving average is $8.71 and its 200-day moving average is $7.95.

COSCO SHIPPING Increases Dividend

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

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.