COSCO SHIPPING (OTCMKTS:CICOF) Shares Up 16.4% – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) rose 16.4% during mid-day trading on Friday . The company traded as high as $1.85 and last traded at $1.85. Approximately 43,600 shares changed hands during mid-day trading, an increase of 1,193% from the average daily volume of 3,372 shares. The stock had previously closed at $1.59.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of COSCO SHIPPING from a “neutral” rating to a “sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

COSCO SHIPPING Stock Performance

The company has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.72.

COSCO SHIPPING Company Profile

COSCO SHIPPING (OTCMKTS:CICOF) is a global integrated shipping enterprise specializing in container liner services, bulk cargo transportation and comprehensive logistics solutions. As one of the world’s leading container carriers, the company operates a modern fleet of container vessels, dry bulk carriers and multipurpose ships. Its core offerings include scheduled liner services across key trade lanes, chartering services, ship management and terminal operations.

The company delivers end-to-end supply chain support through its logistics arm, which provides warehousing, inland transportation, freight forwarding and intermodal container services.