Citic (OTCMKTS:CTPCY) Sees Unusually-High Trading Volume – What’s Next?

Citic Ltd. (OTCMKTS:CTPCYGet Free Report) saw strong trading volume on Wednesday . 2,471 shares were traded during mid-day trading, an increase of 197% from the previous session’s volume of 831 shares.The stock last traded at $7.8650 and had previously closed at $7.84.

Citic Stock Performance

The business’s 50 day moving average price is $7.87 and its 200-day moving average price is $7.65. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.23 and a current ratio of 0.24.

Citic Company Profile

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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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