Citic (OTCMKTS:CTPCY) Shares Gap Down – Time to Sell?

Citic Ltd. (OTCMKTS:CTPCYGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $8.10, but opened at $7.59. Citic shares last traded at $7.59, with a volume of 363 shares.

Citic Stock Performance

The stock has a 50-day moving average of $7.46 and a 200-day moving average of $7.07.

Citic Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.1201 per share. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 452.0%.

Citic Company Profile

(Get Free Report)

CITIC Limited operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide. The Comprehensive Financial Services segment provides banking, investment research, securities brokerage, trust, insurance and reinsurance, investment banking, wealth and asset management, financial markets, equity investment, financing, and other integrated financial services.

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