Citic Ltd. (OTCMKTS:CTPCY – Get Free Report)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $7.9990, but opened at $8.57. Citic shares last traded at $9.00, with a volume of 835 shares trading hands.
Citic Trading Up 12.5%
The company has a 50-day moving average price of $7.96 and a 200-day moving average price of $7.87.
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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