COSCO SHIPPING (OTCMKTS:CICOY) Sees Large Volume Increase – Should You Buy?

Shares of COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report) saw unusually-strong trading volume on Wednesday. 524,112 shares traded hands during trading, an increase of 5,597% from the average daily volume of 9,200 shares. The stock last traded at $10.7720 and had previously closed at $10.9910.

COSCO SHIPPING Trading Up 1.6%

The company has a 50 day moving average of $10.77 and a 200 day moving average of $9.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 1.36.

About COSCO SHIPPING

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COSCO SHIPPING International (Hong Kong) Limited is a shipping-services and investment holding company within the COSCO SHIPPING group. It provides services and products supporting shipowners and the broader maritime industry, rather than focusing primarily on operating a container-shipping fleet. Its activities include marine equipment and spare-parts supply, marine coatings, ship trading agency services, and marine insurance brokerage. The company is based in Hong Kong and serves customers in China and international shipping markets.

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