Citic (OTCMKTS:CTPCY) Sets New 12-Month High – Time to Buy?

Citic Ltd. (OTCMKTS:CTPCYGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $8.7650 and last traded at $8.6470, with a volume of 587 shares trading hands. The stock had previously closed at $8.35.

Citic Stock Performance

The company has a debt-to-equity ratio of 1.32, a current ratio of 0.24 and a quick ratio of 0.23. The company’s fifty day moving average is $7.24 and its 200-day moving average is $7.74.

Citic Company Profile

(Get Free Report)

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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