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

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $8.70, but opened at $8.26. COSCO SHIPPING shares last traded at $8.6750, with a volume of 1,731 shares traded.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of COSCO SHIPPING from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Down 1.1%

The business has a 50-day moving average of $8.55 and a 200-day moving average of $8.73. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11.

COSCO SHIPPING Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, November 10th. Investors of record on Thursday, September 25th were paid a $0.2832 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a dividend yield of 1,282.0%.

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.