Shares of Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $7.18, but opened at $8.16. Citic shares last traded at $8.16, with a volume of 126 shares changing hands.
Citic Stock Up 13.6%
The company has a current ratio of 0.42, a quick ratio of 0.41 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average price is $8.20 and its 200 day moving average price is $7.87.
About Citic
CITIC Limited is a Hong Kong-based conglomerate with businesses spanning financial services, resources and energy, advanced manufacturing, engineering contracting, real estate, and infrastructure. Its activities include banking and other financial services, the production of materials such as special steel and iron ore, and the development and operation of infrastructure projects. The company operates primarily in mainland China and also has business interests in international markets. Its origins trace to CITIC Pacific, which changed its name to CITIC Limited in 2014 following a restructuring that brought in major businesses from its parent, state-owned CITIC Group.
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