Shares of Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) rose 12.5% on Friday . The stock traded as high as $8.45 and last traded at $8.45. Approximately 120 shares changed hands during trading, a decline of 91% from the average daily volume of 1,284 shares. The stock had previously closed at $7.5130.
Citic Stock Up 5.4%
The stock’s fifty day moving average is $7.23 and its 200-day moving average is $7.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.24 and a quick ratio of 0.23.
Citic Company Profile
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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