Shares of Citic Ltd. (OTCMKTS:CTPCY – Get Free Report) rose 20.3% on Friday. The stock traded as high as $8.6340 and last traded at $8.6340. 140 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 2,527 shares. The stock had previously closed at $7.18.
Citic Stock Performance
The company has a quick ratio of 0.41, a current ratio of 0.42 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $8.20 and its 200-day simple moving average is $7.87.
About Citic
CITIC Limited is a Hong Kong-based conglomerate with businesses spanning financial services, resources and energy, advanced manufacturing, engineering contracting, real estate, and infrastructure. Its activities include banking and other financial services, the production of materials such as special steel and iron ore, and the development and operation of infrastructure projects. The company operates primarily in mainland China and also has business interests in international markets. Its origins trace to CITIC Pacific, which changed its name to CITIC Limited in 2014 following a restructuring that brought in major businesses from its parent, state-owned CITIC Group.
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