COSCO SHIPPING (OTCMKTS:CICOY) Shares Gap Up – Time to Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) gapped up before the market opened on Monday . The stock had previously closed at $9.69, but opened at $10.24. COSCO SHIPPING shares last traded at $10.24, with a volume of 150 shares changing hands.

COSCO SHIPPING Stock Up 4.8%

The company has a 50-day moving average of $9.20 and a 200 day moving average of $9.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 1.45.

Hedge Funds Weigh In On COSCO SHIPPING

A hedge fund recently bought a new stake in COSCO SHIPPING stock. Pinnacle Holdings LLC purchased a new stake in shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,100 shares of the company’s stock, valued at approximately $77,000.

COSCO SHIPPING Company Profile

COSCO SHIPPING (OTCMKTS:CICOY) is the international trading name of a major Chinese state-owned integrated shipping and logistics company. The firm provides ocean transport and related maritime services across a broad range of cargo types, and it operates as part of China’s strategic shipping sector. The company’s activities cover container liner shipping, dry bulk and tanker services, terminal operations, and integrated logistics solutions that support global trade flows.

Core services include scheduled container shipping on major east–west and regional trade lanes, bulk carrier and tanker operations for commodity transport, and ownership or management of port terminals and stevedoring facilities.