Citic (OTCMKTS:CTPCY) Shares Gap Up – Still a Buy?

Citic Ltd. (OTCMKTS:CTPCYGet Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $8.57, but opened at $9.50. Citic shares last traded at $9.50, with a volume of 205 shares traded.

Citic Trading Up 6.7%

The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 1.32. The business’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $7.76.

About Citic

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CITIC Limited is a Hong Kong-listed investment holding company and diversified conglomerate with operations spanning financial services, resources and energy, manufacturing, engineering contracting, infrastructure, real estate and consumer products. The company is the listed platform of the broader CITIC Group and serves corporate, institutional and retail customers through its businesses.

Its financial services operations include commercial banking, trust services, asset management, securities, insurance and other related activities.

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