Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) shares rose 12.5% during trading on Friday . The company traded as high as $8.45 and last traded at $8.45. 120 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,284 shares. The stock had previously closed at $7.5130.
Citic Stock Up 5.4%
The firm has a 50 day simple moving average of $7.23 and a 200-day simple moving average of $7.73. 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
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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