Citic (OTCMKTS:CTPCY) Shares Gap Down – Here’s Why

Citic Ltd. (OTCMKTS:CTPCYGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $9.50, but opened at $8.26. Citic shares last traded at $8.26, with a volume of 351 shares changing hands.

Citic Stock Performance

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 company has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $7.78.

Citic Company Profile

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CITIC Limited is a Hong Kong-listed investment holding company and diversified conglomerate with operations spanning financial services, resources and energy, manufacturing, engineering contracting, infrastructure, real estate and consumer products. The company is the listed platform of the broader CITIC Group and serves corporate, institutional and retail customers through its businesses.

Its financial services operations include commercial banking, trust services, asset management, securities, insurance and other related activities.

Further Reading

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