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COSCO SHIPPING (OTCMKTS:CICOY) Stock Price Crosses Above 50 Day Moving Average - What's Next?

COSCO SHIPPING logo with Transportation background

Key Points

  • COSCO SHIPPING's stock price recently crossed above its 50-day moving average of $8.87, trading as high as $9.66 before settling at $9.55.
  • Citigroup downgraded COSCO SHIPPING from a "strong-buy" to a "strong sell" rating, indicating a shift in analyst sentiment.
  • The company announced a dividend increase to $0.5456 from the previous $0.28, representing an 8.88% dividend yield.
  • Five stocks we like better than COSCO SHIPPING.
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COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.87 and traded as high as $9.66. COSCO SHIPPING shares last traded at $9.55, with a volume of 7,972 shares.

Wall Street Analyst Weigh In

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

Get Our Latest Report on COSCO SHIPPING

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 firm has a fifty day simple moving average of $8.87 and a 200-day simple moving average of $8.00.

COSCO SHIPPING Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 14th. Investors of record on Tuesday, June 3rd were issued a $0.5456 dividend. This is a boost from COSCO SHIPPING's previous dividend of $0.28. This represents a dividend yield of 8.88%. The ex-dividend date of this dividend was Monday, June 2nd.

COSCO SHIPPING Company Profile

(Get Free Report)

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.

See Also

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