Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.52, but opened at $8.1297. Citic shares last traded at $7.5255, with a volume of 464 shares trading hands.
Citic Stock Up 13.0%
The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.23 and a current ratio of 0.24. The business has a 50-day moving average price of $7.41 and a two-hundred day moving average price of $7.74.
About Citic
CITIC (OTCMKTS: CTPCY) is a diversified Chinese conglomerate and the publicly traded arm of CITIC Group, a state-owned investment company. The company operates as an investment holding platform with businesses spanning financial services, resources and energy, manufacturing, engineering contracting, real estate, and investment and asset management. Through its portfolio of operating units and equity investments, CITIC participates in both commercial and industrial activities across multiple sectors.
In financial services, CITIC’s activities typically include banking, securities, trust and other capital market-related businesses conducted via holdings and strategic investments.
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