Zacks Investment Research lowered shares of COSCO Shipping Energ Trnsptn CoLtd (NASDAQ:CSDXY) from a hold rating to a strong sell rating in a report published on Wednesday.

According to Zacks, “COSCO Shipping Energy Transportation Co., Ltd is engaged in providing coastal, ocean and Yangtze River cargo transportation, oil transportation, chartering, cargo agency and cargo transportation agency. Its business portfolio includes Oil Shipping, LNG Shipping and Fleet Structure. COSCO Shipping Energy Transportation Co., Ltd, formerly known as China Shipping Development Company Limited, is headquatered in Shanghai. “

Shares of COSCO Shipping Energ Trnsptn CoLtd (NASDAQ CSDXY) remained flat at $28.53 during mid-day trading on Wednesday. The company has a 50-day moving average price of $27.90 and a 200 day moving average price of $28.17. COSCO Shipping Energ Trnsptn CoLtd has a one year low of $26.70 and a one year high of $30.76. The firm has a market capitalization of $2.30 billion and a P/E ratio of 8.04.

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COSCO Shipping Energ Trnsptn CoLtd Company Profile

COSCO SHIPPING Energy Transportation Co,Ltd., formerly China Shipping Development Company Limited, is a shipping company mainly engaged in oil products shipping and liquefied natural gas (LNG) shipping. The oil products that the Company ships include crude oil and refined oil products. The Company is also engaged in the shipment of dry bulk goods, such as coal, iron ore and other dry bulk, as well as vessel chartering.

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