Shares of Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $8.0750, but opened at $7.18. Citic shares last traded at $7.18, with a volume of 1,388 shares changing hands.
Citic Trading Down 11.1%
The firm’s 50-day moving average is $8.28 and its two-hundred day moving average is $7.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.42 and a quick ratio of 0.41.
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.
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