Citic Ltd. (OTCMKTS:CTPCY – Get Free Report)’s share price dropped 7.3% during mid-day trading on Tuesday . The company traded as low as $6.95 and last traded at $6.95. 500 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 1,448 shares. The stock had previously closed at $7.50.
Citic Price Performance
The stock’s 50-day moving average price is $8.36 and its 200-day moving average price 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.
Citic Company Profile
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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