COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Down - What's Next?

Key Points

• COSCO SHIPPING (OTCMKTS:CICOY) shares gapped down from $8.91 to $8.41 before trading, last trading at $8.93 with low volume of 628 shares.
• Wall Street analysts have downgraded the stock, with Citigroup changing its rating from "strong-buy" to "strong sell," and Zacks Research from "strong-buy" to "hold."
• The company's current financial health is reflected in a current ratio of 1.68 and a debt-to-equity ratio of 0.11, indicating stability despite recent rating downgrades.

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $8.91, but opened at $8.41. COSCO SHIPPING shares last traded at $8.93, with a volume of 628 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CICOY shares. Zacks Research lowered COSCO SHIPPING from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Citigroup lowered COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

COSCO SHIPPING Stock Down 0.8%

The business has a 50 day moving average of $9.10 and a 200 day moving average of $8.39. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.11.

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.