Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 31,998 shares traded hands during mid-day trading, an increase of 1,498% from the previous session’s volume of 2,003 shares. The stock last traded at $8.14 and had previously closed at $7.35.
Citic Stock Performance
The company’s 50-day moving average price is $8.27 and its two-hundred day moving average price is $7.96.
Citic Company Profile
CITIC Limited is a China-based conglomerate with operations spanning financial services, resources and energy, manufacturing, engineering contracting, infrastructure, real estate and consumer-related businesses. The company serves corporate, institutional and retail customers through a diversified portfolio of businesses.
Its financial services activities include banking, trust, securities, insurance and asset management. Other operations are involved in the exploration and processing of natural resources, special steel and heavy equipment manufacturing, infrastructure development, construction and engineering services, property development, and the production or distribution of consumer products.
CITIC traces its origins to the establishment of China International Trust and Investment Corporation in 1979.
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