Citic Ltd. (OTCMKTS:CTPCY – Get Free Report)’s stock price fell 13.6% on Friday. The company traded as low as $7.78 and last traded at $7.78. 611 shares were traded during mid-day trading, a decline of 71% from the average session volume of 2,090 shares. The stock had previously closed at $9.00.
Citic Stock Performance
The firm has a 50 day moving average price of $7.96 and a 200-day moving average price of $7.87.
About Citic
CITIC Limited is a China-based conglomerate with operations spanning financial services, resources and energy, manufacturing, engineering contracting, infrastructure, real estate and consumer-related businesses. The company serves corporate, institutional and retail customers through a diversified portfolio of businesses.
Its financial services activities include banking, trust, securities, insurance and asset management. Other operations are involved in the exploration and processing of natural resources, special steel and heavy equipment manufacturing, infrastructure development, construction and engineering services, property development, and the production or distribution of consumer products.
CITIC traces its origins to the establishment of China International Trust and Investment Corporation in 1979.
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