COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Down - Time to Sell?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) shares 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.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered 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 quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.11. The stock's fifty day simple moving average is $8.67 and its 200-day simple moving average is $7.93.

COSCO SHIPPING Increases Dividend

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

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.