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

Citic Ltd. (OTCMKTS:CTPCYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.50, but opened at $8.26. Citic shares last traded at $8.26, with a volume of 351 shares changing hands.

Citic Stock Down 13.1%

The company has a debt-to-equity ratio of 1.32, a current ratio of 0.24 and a quick ratio of 0.23. The business has a 50-day moving average of $7.46 and a 200-day moving average of $7.77.

Citic Company Profile

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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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