COSCO SHIPPING (OTCMKTS:CICOF) Shares Down 6% – Should You Sell?

Shares of COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOFGet Free Report) dropped 6% on Tuesday . The company traded as low as $1.44 and last traded at $1.44. Approximately 105 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 4,201 shares. The stock had previously closed at $1.53.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised COSCO SHIPPING from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

Get Our Latest Stock Report on COSCO SHIPPING

COSCO SHIPPING Stock Performance

The stock’s fifty day moving average is $1.54 and its 200-day moving average is $1.46.

About COSCO SHIPPING

(Get Free Report)

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.

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