COSCO SHIPPING (OTCMKTS:CICOY) Shares Climb 9.3% – Still a Buy?

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) shares were up 9.3% during mid-day trading on Monday. The company traded as high as $11.43 and last traded at $11.40. Approximately 2,674 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 9,156 shares. The stock had previously closed at $10.4320.

COSCO SHIPPING Stock Up 9.7%

The company has a quick ratio of 1.36, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $10.74 and its 200 day simple moving average is $9.71.

COSCO SHIPPING Company Profile

COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its subsidiaries, the company provides ocean transportation for containerized cargo, including manufactured goods, consumer products, industrial materials and other international freight.

The company also participates in the development, operation and management of container terminals in major global ports. Its broader services include supply-chain and logistics solutions, equipment and container-related services, and other activities that support the movement of cargo through international trade routes.

COSCO SHIPPING Holdings is part of China COSCO Shipping Corporation Limited and traces its corporate development to the restructuring of China’s state-owned shipping businesses.