Shares of Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,792 shares changed hands during mid-day trading, an increase of 438% from the previous session’s volume of 333 shares.The stock last traded at $8.26 and had previously closed at $7.75.
Citic Stock Up 6.6%
The business has a fifty day moving average of $7.66 and a 200 day moving average of $7.46. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 1.37.
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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