Citic (OTCMKTS:CTPCY) Shares Gap Down – Here’s Why

Shares of Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.3820, but opened at $7.8788. Citic shares last traded at $7.8788, with a volume of 3,016 shares changing hands.

Citic Price Performance

The firm’s 50 day simple moving average is $8.42 and its 200-day simple moving average is $7.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.23 and a current ratio of 0.24.

About Citic

(Get Free Report)

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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