Citic (OTCMKTS:CTPCY) Stock Jumps 5.8% – Here’s What Happened
by Michael Walen · The Markets DailyCitic Ltd. (OTCMKTS:CTPCY – Get Free Report)’s stock price traded up 5.8% on Thursday. The company traded as high as $8.46 and last traded at $8.46. Approximately 283 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,154 shares. The stock had previously closed at $7.9990.
Citic Stock Performance
The stock has a 50 day moving average of $7.91 and a two-hundred day moving average of $7.86. 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 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.